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BNP Paribas Wealth and Asset Management continues to trim fat

BNP Paribas’ global wealth and asset management business registered €702 million (US$936 million) in pre-tax income, but perhaps the most glaring sign that the bank is on the right path is its ability to curb costs, according to its mid-year results. Over the first half of the year, the division tightened its belt another notch, decreasing operating expenses (including depreciation)…

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