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Orange to Transfer Bank Operations to BNP Paribas as Both Giants Begin Exclusive Acquisition Talks

After sustaining more than 1 billion euros in losses, Orange has decided to exit retail banking and has begun negotiations with BNP Paribas. French telecommunications giant Orange is looking to get out of the banking sector by selling Orange Bank to BNP Paribas. Orange has now begun exclusive negotiations with BNP Paribas, which would end Orange’s banking business if successful. Orange Bank has faced a little too much difficulty since the telecoms giant ventured into retail banking. The...

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