Asset Managers

The French have made the ‘banking dream’ come true with BNP-AXA deal

The banking district in Frankfurt. Photo: IO.
The banking district in Frankfurt. Photo: IO.
French banks are making significant strides that could reshape the European asset management landscape. The acquisition of AXA Investment Managers by BNP Paribas heralds a new era under Basel III regulations, according to Mediobanca Andrea Filtri. “The once-forbidden dream is now reality, opening new horizons for mergers and acquisitions,” he said.
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