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Retail banking isn’t fit for cross-border mergers, BNP Paribas boss says

By Jean Comte ( November 27, 2024, 15:03 GMT | Insight) -- Retail banking is not a sector fit for cross-border mergers, due to the lack of synergies with the products on offer different in each country, the chairman of French bank BNP Paribas said at a conference today. Jean Lemierre's comments come as national banking mergers seem to be picking up, with cross-border deals showing much less dynamism.Retail banking is not a sector fit for cross-border mergers, Jean Lemierre, the chairman of French bank BNP Paribas, said a conference* today....

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