(Reuters) – A deal in the works for BNP Paribas (BNPP.PA) to assume the prime brokerage operations of Deutsche Bank (DBKGn.DE) will allegedly involve the transfer of up to 800 people. Deutsche Bank said in July it had struck a preliminary agreement with BNP covering the business that serves hedge funds as part of its 7.4 billion euro ($8.2 billion) overhaul, but details on personnel and the timing of any final deal were being hammered out.
Deutsche Bank to transfer up to 800 to BNP in prime brokerage deal: source
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