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 ...

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 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 ...

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 ...

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 ...

AXA IM Alts has agreed to buy a 60 percent stake in ILOS Projects. The agreement has been signed with ILOS New Energy and Omnes Capital. Omnes is realising a full exit, having backed ILOS since 2020.

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 ...