RBS puts onus on BNP to prove itself
RBS’s retreat from Asia gives BNP Paribas an opportunity to build its market share in the region. The French lender has marked Asia as a growth target and observers say its geographical footprint is a good fit for the clients RBS is cutting loose.
BNP Paribas is set to boost its presence in Asia after RBS announced it would be referring its clients to the French bank, although the agreement means BNP Paribas will have to prove its mettle in the region.
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