BNP Paribas could find worthwhile synergies if it acquires the troubled Monte dei Paschi, even though buying a bank in deflation-hit Italy carries risks, Neil Unmack writes in Reuters Breakingviews.
After a tough year, doubling up in Italy to buy ailing Monte dei Paschi would be a bold move for France’s biggest bank. But synergies could exceed 3 bln euros, while political obstacles and asset quality fears have eased. If BNP was tempted, it could drive a hard bargain.
Novak Djokovic is the king of 2014's BNP Paribas Masters 1000 tournament. The world No. 1 virtually locked up his top ranking for the duration of the year by slamming Milos Raonic and putting more distance between himself and Roger Federer. There...Show More Summary
Just seven days in tennis can guarantee the type of movement that changes a season. The 2014 BNP Paribas Masters has enabled the stock of several players to soar. Just ask Lucas Pouille. The Frenchman picked the perfect moment to announce...Show More Summary
Novak Djokovic added a few firsts to his already legendary career on Sunday in Paris: He became the first man to defend his title at the BNP Paribas Masters, and he won his first tournament as a father. Along the way, he won the 600th match and 20th Masters title of his career. Show More Summary
PARIS (Reuters) - French banks should pay only 10 billion euros ($12.5 billion) of the 16 billion they are being asked to contribute to a proposed EU bailout fund, BNP Paribas chief executive Jean-Laurent Bonnafé said in an interview in Le Figaro on Saturday. Show More Summary
Fox Business Network’s Maria Bartiromo anchored “Opening Bell” live from the BNP Paribas Trading Floor in New York City this morning. Bartiromo spoke with BNP Paribas executives including, Global Head of Market Economics and Chief Economist...Show More Summary
By Maya Nikolaeva PARIS (Reuters) - BNP Paribas, France's No. 1 bank, said third-quarter net income rose 11 percent from a year ago as gains in fixed income trading and in international retail offset a lackluster economic environment in its core European markets. Show More Summary
Andy Murray's not fooling around. A couple of months after his season appeared to be a lost cause, Murray has bounced back. Yesterday he qualified for the ATP World Tour Finals with an impressive 6-3, 6-3 win over Grigor Dimitrov. Ignore the scoreline. Show More Summary
Some of the world’s finest players will be battling to lift the BNP Paribas Masters title—the final tournament of the men’s regular tennis season—but with the ATP Tour Finals looming, it’s also a wonderful chance to accrue some vital...Show More Summary
The ATP BNP Paribas Masters in Paris is the last tournament before the ATP World Tour Finals in London. It serves as the stage for all the late-season drama unfolding on tour. There are many plots and subplots. Roger Federer and Novak Djokovic enter the tournament battling for the No. Show More Summary
The BNP Paribas Masters began in Paris on Sunday, with the 16 seeded players in action from Tuesday after being given a first-round bye. The tournament, above all, has two over-riding narratives. The first, of course, is Novak Djokovic and Roger Federer’s ongoing battle to end the year as No. Show More Summary
By Don Dion: BNP Paribas SA (BNP) announced that its Chairman Badouin Prot agreed to step down. He is the most senior bank executive to have resigned after the bank pleaded guilty to violating U.S. sanctions. BNP has not only paid almost...Show More Summary
By Karen Freifeld, Dmitry Zhdannikov and Ron Bousso LONDON/NEW YORK (Reuters) - BNP Paribas has asked at least three banks to help it clear certain energy transactions in U.S. dollars next year to make sure it can keep its energy trade finance division operating after a ban imposed for violating U.S. Show More Summary
As acting head of the Justice Department's criminal division, David A. O’Neil homed in on a case involving BNP Paribas. Now that the case is closed -- with a guilty plea from the bank -- he is moving on, most likely to a job at a white-shoe law firm.
By Maya Nikolaeva and Steve Slater PARIS/LONDON (Reuters) - Jean Lemierre, a former head of Europe's reconstruction bank and a veteran of international debt negotiations, will need all his diplomatic skills to repair BNP Paribas' relations with the United States as chairman of France's biggest bank. Show More Summary
Caxton Hedge Fund Hires Former BNP Paribas Trader Fourcade (BusinessWeek) Caxton Associates LP, the hedge fund firm co-founded by billionaire Bruce Kovner, hired Philippe Fourcade, a former proprietary trader at BNP Paribas SA (EPA:BNP) Fourcade started at the firm’s London office on Sept. Show More Summary
Baudouin Prot is resigning as the French bank’s chairman. His likely successor is technocrat Jean Lemierre. As an adviser to Prot he’s hardly an outsider. But that’s less vital than a readiness to refresh BNP’s board following its mega-fine from U.S. regulators.