Machenil fields prime brokerage queries on BNPP call
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Machenil fields prime brokerage queries on BNPP call

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BNP Paribas announced strong quarterly earnings last week, bolstered, like many banks, by activity in equities. But some analysts were more interested in the French firm’s acquisition of Deutsche Bank’s prime brokerage unit, in the wake of the Archegos Capital affair.

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