France’s BNP Paribas announced in Frankfurt on Monday that it had bought HSBC’s German private banking unit. The value of the deal was not released. The transaction is expected to be closed during the second half of 2025 once regulatory approvals had been obtained, BNP Paribas said. The bank said it had “the ambition to position BNP Paribas Wealth Management among the leading players in Germany and bring its managed assets to more than €40 billion ($45 billion).” This would double the current figure. Germany offered strong growth potential for wealth management, most notably within the small a…