Reuters - BNP Paribas to boost European investment banking

Crown

Chasing the fees.

Reuters reports that BNP Paribas plans to expand its investment banking activity in Europe to boost profitability, it said on Monday, as part of its strategy to offset falling revenue in domestic retail markets.

The French bank aims to grow the number of its clients in Northern Europe, including Germany, the United Kingdom and Scandinavia, and expects to add 350 new corporate customers by 2020, it said at an investor day in Paris, where it fleshed out its longer-term strategy announced in February.

BNP has performed better than some of its regional peers, earning more fees than both Deutsche Bank and Barclays in Europe last year, according to Thomson Reuters data.

BNP Paribas aims to expand European investment banking

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