BNP's CEO tells retail clients their assets are safe

PARIS, July 1 Mon Jun 30, 2014 7:12pm EDT

PARIS, July 1 (Reuters) - BNP Paribas Chief Executive Officer Jean-Laurent Bonnafe told retail clients that the U.S. settlement over sanctions violations will not have impact on them and that its pricing policy will remain unchanged.

"The absolute safety of all the assets that you have entrusted to BNP Paribas is guaranteed and obviously there will be no changes to our pricing policy," Bonnafe said in a statement, published on the bank's website on Tuesday. (Reporting by Maya Nikolaeva and Ingrid Melander; Editing by Lisa Shumaker)

Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.