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BNP, Citi, Credit Suisse, JPM, M Stanley, Schroders

Reuters reports that French firm BNP Paribas has formed a joint venture with National Bank of Canada, offering hedge fund managed accounts. The French bank has aquired a stake in National Bank of Canada's Innocap Investment Management, a unit which specializes in hedge fund managed accounts and advises on in excess of $2bn in assets.

London's Biggest Trading Floors

Hot on the heels of the announcement that JPMorgan has spurned Canary Wharf and has chosen the 'Square Mile' for its new European HQ (St Alphage House in London Wall), most of the interest centres around the fact that, of the 1 million square feet that makes up the new building, there will be four giant trading floors of some 72,000 square feet each.