“In anticipation of the closing process, all teams are now working to welcome AXA IM’s employees and customers into the BNP Paribas Cardif Group” BNP Paribas Cardif Chairman Renaud Dumora sai ...

The European Central Bank sees two elements to BNP Paribas' 5.1-billion-euro ($5.8 billion) acquisition of AXA's asset management arm, BNP's finance chief said on Thursday, explaining the capital ...

As the insurance-linked securities (ILS) market continues to expand, the diversification of risk portfolios has never been ...

BNP Paribas BNP0.07%increase; green up pointing triangle expects a higher capital impact and lower return on investment than initially projected for its acquisition of AXA Investment Managers ...

BNP is acquiring AXA IM through its insurance business Cardif. However, following the ECB's comments on the "prudential" treatment of the acquisition of asset management companies, the French ...

In December, BNP Paribas said it had signed a deal to buy AXA IM for 5.1 billion euros ($5.79 billion). BNP Paribas estimates a 35 basis-point hit to its common equity Tier 1 ratio and expects its ...

BNP Paribas SA said that the European Central Bank’s view on its acquisition of AXA SA’s asset management business could result in a hit to capital of some 35 basis points, an outcome that ...

The European Central Bank has taken a negative view on applying a rule to BNP Paribas SA’s planned acquisition of Axa SA’s asset manager that would have made the deal financially more ...

BNP and the ECB declined to comment. Dealmakers had anticipated a wave of tie-ups after the BNP-AXA deal as European money managers sought to fend off U.S. rivals and demand grows for cheap technology ...