|
French banking giant BNP Paribas is in talks with Agricultural Bank of China to set up a wealth management venture in the country.
According to newswire Reuters, the French bank’s investment management arm will hold a majority share in the business with AgBank’s wealth subsidiary, two sources said.
AgBank is China’s third biggest lender by assets.
International Adviser contacted BNP Paribas but the bank declined to comment.
Ahead of today’s election, SJP’s CIO Justin Onuekwusi looks at the potential impositions of blanket tariffs from a Trump presidency
Bonds balloon by £631m while money markets increase £402m
Colin Rowe to take on position in January, subject to regulatory approval
Commentators believe ‘systemic risks to the market are low’
Most notable early impact so far has been felt in the AIM market
Gold hitting all-time highs and silver rallying propelled precious metal strategies in the month
