币界网报道：On June 29, according to crowdfundinsider, BNP Paribas announced that its securities services business (with global custody assets of 14.3 trillion euros) has reached an agreement with HSBC to acquire HSBC Continental Europe S.A.'s custody and deposit banking business in Germany. The transaction is subject to regulatory approval. The acquisition will strengthen BNP Paribas' position as a custody and deposit bank in Germany and support its growth strategy in the region for institutional funds and financial intermediaries. According to the Coin World Network, BNP Paribas' securities services business (part of its corporate and institutional banking division) will expand its customer base through this acquisition, especially in the field of products and services for German insurance companies. HSBC Continental Europe S.A.'s custody business employees in Germany will be transferred to BNP Paribas' German securities services business team. The agreement is expected to be implemented in early 2026 and completed through a phased customer migration. [Deep Tide TechFlow]