Private Bankers Chasing Uber-Rich in a Surprise Wealth Hotspot
- BNP Paribas, Goldman Sachs among banks expanding in Germany
- German private banking already crowded with about 1,500 firms
Photographer: Patrick Pleul/picture alliance via Getty Images
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Its economy is contracting and the nation’s largest lenders are a mess. And yet, banks from BNP Paribas SA to JPMorgan Chase & Co. are scrambling to win business from Germany’s ultra-wealthy.