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BNP in Talks to Buy Axa Investment Managers in $5.5B Deal
BNP Paribas is to acquire AXA SA’s asset management unit in a €5.1 billion deal, which would create one of Europe’s largest money managers with roughly €1.5 trillion in assets overseen.
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UK’s Sovereign Wealth Fund
The UK is planning to launch its very own sovereign wealth fund as part of the new government’s investment plans. The UK’s chancellor of the exchequer, Ms. Rachel Reeves, announced on 8 July 2024 that such wealth fund will be launched to invest in “new and growing industries” and “catalyse private sector investment” in such…
