What factors could influence the activity in equities in the second half of the year?
BNP Paribas CFO Says CIB Transformation 'Bearing Fruit'
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The transcript discusses BNP Paribas' accelerated CIB transformation plan, which has shown benefits in fixed income but faces challenges in equities due to a lackluster market. The company is optimistic about future activity in equities. Additionally, BNP Paribas has entered a preliminary agreement with Deutsche Bank to take over electronic equities trading and prime services for hedge funds, with integration expected by summer 2020.
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What was the nature of the agreement between BNP Paribas and Deutsche Bank?
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