BNP Paribas transfers wealth management operations.

M2 EQUITYBITES-June 23, 2022--BNP Paribas transfers wealth management operations

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Global Banking News - 23 June 2022

France-based banking firm BNP Paribas (BNPP.PA) has announced that it has transferred its wealth management operations in Brazil to its local rival Banco Bradesco SA, according to Reuters.

BNP said that it is closing its private bank in Brazil following the review of the portfolio. The migration to Banco Bradesco's private bank is to happen next month.

The deal will see BNP...

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