Deutsche staff and prime brokerage unit to transfer to BNP Paribas - reports
Formal agreement set to be announced soon
Deutsche's share price has fallen by around 35.5% over one year to 22 August
Deutsche Bank is set to transfer up to 800 staff and its hedge fund-servicing prime brokerage unit to BNP Paribas in a deal expected to be worth tens of billions of euros.
A formal agreement is expected to emerge in the coming weeks with Deutsche's clients set to receive letters outlining the practical implications of the transfer, according to the FT. Deutsche Bank plans...
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