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.
By Matthias Blamont and Maya Nikolaeva PARIS (Reuters) - BNP Paribas Chairman Baudouin Prot, shaper of the French bank's strategy for more than a decade, has quit and the board will meet on Friday to decide on his replacement, sources close to the situation said. Show More Summary
PARIS (Reuters) - Baudouin Prot, Chairman of BNP Paribas since 2011, is to leave the French bank and the board is due to meet on Friday to choose a successor, two sources close to the situation said on Wednesday. One of the sources said Jean Lemierre, an adviser to the bank since 2008 who was a key negotiator with U.S. Show More Summary
PARIS (Reuters) - BNP Paribas SA's board will decide on the departure and the successor of its chairman Baudouin Prot this week, French daily newspaper Le Figaro reported on Monday. The report follows weeks of speculation about the departure...Show More Summary
By Karen Freifeld NEW YORK (Reuters) - BNP Paribas has hired a former top official at the U.S. Treasury Department's sanctions office, people familiar with the matter said, part of the French bank's effort to build up its compliance department after its record settlement over sanctions violations. Show More Summary
(Reuters) - Two senior BNP Paribas energy traders in New York have left, but the Paris-based bank said on Monday it was not downsizing its U.S. commodity and energy businesses. Keith Shoemaker, managing director of North American natural...Show More Summary
BNP Paribas is out with a note about Eurozone titled "The Great Deterioration," which is a name we think that might really stick. We've been talking a lot about how bad things are in Europe lately. The economy is in the toilet, and political...Show More Summary
As the US Open rages on through insane humidity, I'm reminded of a weekend I spend last year at the BNP Paribas Open, in lovely (and dry) Palm Springs. The weekend had some truly heart pounding matches, including a face off between Andy Murray and Juan Martin del Potro, which ended decisively in the latter's favor. Show More Summary
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