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bnp paribas uk head of global banking resigns after successful tenure
Matthew Ponsonby has resigned as BNP Paribas' UK head of global banking, with the bank confirming that a successor will be announced soon. Ponsonby, who joined in 2017, cited a "compelling opportunity" for his departure, expressing pride in the progress made during his tenure, particularly in expanding the bank's investment banking activities in the UK.
European stocks opened mixed as German Chancellor Olaf Scholz lost a confidence vote, paving the way for early elections in February amid economic struggles. Meanwhile, Royal Mail's parent company is set to be sold to Czech billionaire Daniel Kretinsky, and shares of Canal+ fell 15.7% on its London debut. Confidence among U.K. manufacturers has dropped to a yearly low due to rising costs and economic uncertainty.
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