BNP Paribas SA is a France-based bank group with operations throughout the world. It has three core businesses: Retail Banking, Asset Management and Services, as well as Corporate and Investment Banking. Retail Banking comprises the French Retail Banking division, BNL Banca Commerciale in Italy and the International Retail Banking and Financial Services division. Asset Management and Services business is organized around three lines, including Wealth and Asset Management, Insurance and Securities Services. The operations in the field of Corporate and Investment Banking revolve around equities and derivatives, fixed income, corporate finance and structured finance solutions, loans and portfolio management, cash management, and the Energy Commodities Export Project division. Headquartered in Paris, France, the Bank operates through its subsidiaries in more than 85 countries across Europe, the Americas, Africa, the Middle East, Asia, and Oceania.