FRANKFURT, Oct 18 (Reuters) - BNP Paribas is the
frontrunner to take over Deutsche Bank's business
that sells certificates and warrants to retail investors, a
German newspaper reported on Friday.
Boersen-Zeitung, which cited no sources, said analysts had
estimated the unit's value at 400-500 million euros ($445-$556
million).
BNP declined to comment.
Deutsche Bank in July announced a 7.4 billion euro sweeping
overhaul and retreat from investment banking after years of
losing market share on Wall Street.
The bank said in a statement it was reviewing the business
after it decided to exit equity trading. "The review is ongoing
and we are committed to continuing servicing clients as normal,"
it said.
($1 = 0.8997 euros)
(Reporting by Vera Eckert and Patricia Uhlig, Editing by Mark
Potter)
HSBC Holdings (HSBA)