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BNP Paribas agrees to $16.3bn sale of Bank of the West to BMO Financial Group
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BNP Paribas said on 20 December that it has agreed to sell Bank of the West to Bank of Montreal’s BMO Financial Group for a total consideration of $16.3bn in cash.
The sale represents all of BNP Paribas’s retail and commercial banking activities in the US Some 70% of Bank of the West’s deposits are in California.
The Wall Street Journal reported...
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