On June 30, U.S. authorities announced a stunning $9 billion fine on French bank BNP Paribas for violations of financial sanctions laws that the United States had imposed on Iran, Sudan and Cuba. In essence, BNP had surreptitiously conducted...Show More Summary
AHEXF SA (OTC:AHEXF) Q2 2014 Earnings Conference Call August 7, 2014 05:00 ET Executives Patrick De Maeseneire – CEO Dominik de Daniel – CFO Analysts Paul Sullivan – Barclays Laurent Brunelle – Exane BNP Paribas Chris Gallagher – JPMorgan...Show More Summary
There are many countries which do not much like the central role of the US dollar. But while they generally (and grudgingly) agree that there is not much to be done about it for now, a punishment recently meted out by US financial regulators...Show More Summary
“…while we don’t expect deflation, we do think inflation will remain in negative territory in the coming months.” That one is about Spain, from Victor Echevarría at BNP Paribas.
In its two years of existence, New York State Department of Financial Services has won a reputation as a tough regulators. It's bringing cases against global financial institutions like BNP Paribas,... To view the full story, click the title link.
Solvay S.A. (OTC:SVYSF) Q2 2014 Results Earnings Conference Call July 31, 2014, 02:30 AM ET Executives Jean-Pierre Clamadieu - CEO Karim Hajjar - CFO Analysts Heidi Vesterinen - BNP Paribas Laurent Favre - BofA Merrill Lynch Mutlu Gundogan...Show More Summary
It's Christmas in August. New York state is getting the best gift of all: money, and lots of it. The pols are itching to spend it. BNP Paribas, France's largest bank, was caught violating U.S. trade... To view the full story, click the title link.
Major multi-national bank BNP Paribas just pleaded guilty to money-laundering a little less than $200 billion over the course of the last ten years. According to New York Superintendent of Financial Services Benjamin Lawsky, “BNPP employees...Show More Summary
BNP Paribas SA ADR (OTC:BNPZY) Q2 2014 Earnings Conference Call July 31, 2014 8:00 AM ET Executives Lars Machenil - CFO Analysts Lorraine Quoirez - HSBC Jon Peace - Nomura Delphine Lee - JPMorgan Guy Vijay Raja – Barclays Capital Tarik...Show More Summary
BNP Paribas Reports Record $5.79 Billion Quarterly Loss (WSJ) The French lender said on Thursday that a provision of €5.75 billion ($7.70 billion) set aside to help cover a nearly $9 billion U.S. fine—the largest-ever paid by a bank in a sanctions case—had pushed the group deep into the red in the second-quarter. Show More Summary
BNP Paribas on Thursday posted a net quarterly loss of 4.3 billion euros ($5.75 billion), as a record fine for violating US economic sanctions sent it into the red for the first time since 2008. The French banking giant recorded an exceptional...Show More Summary
The largest French bank by assets, which recently agreed to pay $8.9 billion for doing business to countries that faced American sanctions, said that its net loss for the three months through June 30 was 4.3 billion euros, compared with a 1.8 billion euro net profit for the period a year earlier.
Advanced Semiconductor Engineering (NYSE:ASX) Q2 2014 Earnings Call July 30, 2014 8:00 am ET Executives Hong Shi Tung - Chief Financial Officer and Director Analysts David Duley Szeho Ng - BNP Paribas, Research Division Gokul Hariharan - JP Morgan Chase & Co, Research Division Presentation Operator Welcome to the ASE Q2 2014 Earnings Conference Call. Show More Summary
LaFarge Coppee S.A. (OTC:LFGEF) Q2 2014 Earnings Conference Call July 25, 2014 03:30 AM ET Executives Jean-Jacques Gauthier - CFO Analysts Yassine Touahri - Exane BNP Paribas Robert Gardiner - Davy Yuri Serov - Morgan Stanley Jean-Christophe...Show More Summary
A huge penalty recently imposed on the French bank BNP Paribas for sanctions-breaking has intensified talk of the end of the U.S. dollar's international reign. Remember, the currency most favored around the world does change: the U.S. Show More Summary
By Konsta Lindqvist: Historical fines French BNP Paribas (OTC:BNPZY) is one of the biggest banks in the world, having total assets of 1.8 trillion euros. At the end of June, the bank pleaded guilty to criminal charges. Charges were related to breaking U.S. Show More Summary
Fortum Corporation (OTC:FOJCF) Q2 2014 Earnings Conference Call July 18, 2014 10:00 AM ET Executives Tapio Kuula – President and CEO Timo Karttinen – CFO Analysts Zoltan Fekete – Credit Suisse Benjamin Leyre – Exane BNP Paribas AnneShow More Summary
CNN approached us about writing an op-ed on the $8.9 billion BNP Paribas settlement and you can see the article here. This is the first time we've written for them and they seemed happy with the outcome. I've been remiss in not making an observation about the settlement.
Last week U.S. regulators imposed a large fine on BNP Paribas, France’s largest bank. The nearly $9 billion settlement, in which the bank admitted its guilt, was not the largest in U.S. regulatory history; that title still goes to JPMorgan Chase.
Bloomberg News BNP Paribas SA pleaded guilty to a criminal charge over its dealings with sanctioned countries in federal court on Wednesday, putting the finishing touches on the French bank's record $8.97 billion settlement reached last week with U.S. authorities.