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BNP Paribas suffers asset management outflows

The bank recorded outflows from the asset management segment in the third quarter

BNP Paribas suffered net outflows of €3.2 billion from its investment solutions business in the three months to the end of September, as asset management outflows outstripped inflows elsewhere in the division.

Assets under management across the investment solutions division, which includes asset management, wealth management, real estate services, insurance and personal investors, were relatively flat quarter-on-quarter and stood at €874 billion at the end of September.

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