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In a bid to cut expenses and maintain compliance and regulatory costs, BNP Paribas Wealth Management (WM) has announced plans to “simplify” its legal structure in some branches in France and Asia, reports say. BNP Paribas is planning to shunt the legal entity of the French bank’s private bank in France, BNP Paribas WM SA, into the parent BNP Paribas…
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