HSBC Holdings (HSBC) has signed an agreement to sell its private banking business in Germany to BNP Paribas (BNPQY) . The deal's financial terms, expected to close in the second half of 2025, have not been disclosed.The transaction, still subject to relevant regulatory approvals, is projected to result in a gain on sale for HSBC. As part of the agreement, the assets and customers of HSBC Germany’s private banking business, along with nearly 120 employees, will be transferred to BNPQY.For BNPQY, the deal ali ...