Key Developments: BNP Paribas SA (BNPP.PA)

BNPP.PA on Paris Stock Exchange

19 Sep 2014
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€-0.30 (-0.55%)
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Latest Key Developments (Source: Significant Developments)

BNP Paribas SA offers to buy Poland's Bank Gospodarki Zywnosciowej SA at 80.47 zlotys, plans to merge it with BNP Paribas Bank Polska SA-Reuters
Monday, 25 Aug 2014 12:48pm EDT 

BNP Paribas SA:France's BNP Paribas has offered to buy the shares of its Polish rival Bank Gospodarki Zywnosciowej SA (BGZ) at 80.47 Polish zlotys each as part of its acquisition of BGZ from Dutch Rabobank, a brokerage running the deal said-Reuters.The offer values Poland's No.11 lender by assets at almost 4.52 billion zlotys ($1.43 billion), 16 percent above Aug. 25 closing price, and more than the 4.2 billion purchase tag BNP agreed with Rabobank last year.The European Commission has already approved the merger, but BNP is awaiting a green light from the Polish watchdog KNF.Citigroup's C.N Polish unit, which is coordinating BNP's offer, said BGZ owners will be able to sell their shares between Sept. 12 and Oct. 17.BNP wants to buy 100 percent in BGZ and plans to merge it with its small-tier Polish unit, BNP Paribas Bank Polska SA.  Full Article

DAB Bank AG says HypoVereinsbank and BNP Paribas reach agreement on sale of majority interest in DAB Bank
Thursday, 31 Jul 2014 01:31pm EDT 

DAB Bank AG:Says HypoVereinsbank, unit of UniCredit Bank AG, and BNP Paribas reach agreement on sale of 81.4 pct interest in DAB Bank.Says price of 4.78 euros per share was agreed.Says HypoVereinsbank investment is valued at around 354 million euros.Says Supervisory Board of HypoVereinsbank must still approve transaction.Says Management Board of DAB Bank AG takes generally positive view of acquisition.  Full Article

BNP Paribas to pay $80 million for defrauding United States Agriculture Deptartment-Reuters
Thursday, 24 Jul 2014 08:00pm EDT 

BNP Paribas SA:United States Justice Department announces that Federal court entered judgment against French bank BNP Paribas for $80 million for defrauding program designed to encourage American exports-Reuters.Program, run by United States Department of Agriculture, covered losses for American commodities exporters in cases where their import partner failed to make payment.  Full Article

Moody's affirms BNP Paribas SA's A1 rating; BFSR outlook changed to negative
Monday, 30 Jun 2014 08:00pm EDT 

Moody's Investors Service:Affirms BNP Paribas SA's A1 supported long-term debt and deposit ratings and C- bank financial strength rating (equivalent to baseline credit assessment of baa1).Changes outlook on its bank financial strength rating to negative from stable.Rating action follows bank's comprehensive settlement relating to United States dollar transactions involving parties subject to United States sanctions.  Full Article

BNP Paribas announces $8.97 billion settlement with United States authorities
Monday, 30 Jun 2014 08:00pm EDT 

BNP Paribas SA:Announces settlement of pending investigation relating to United States dollar transactions involving parties subject to United States sanctions.Agrees to pay total of $8.97 billion (6.6 billion euros).Settlement includes guilty pleas entered into by BNP Paribas SA in relation to violations of certain United States laws and regulations regarding economic sanctions against certain countries and related recordkeeping.BNP Paribas also accepts temporary suspension of one year starting Jan. 1, 2015 of United States dollar direct clearing focused mainly on Oil & Gas Energy & Commodity Finance business line in certain locations.  Full Article

BNP Paribas SA nears up to $9 billion settlement with US authorities-Reuters
Monday, 23 Jun 2014 01:50pm EDT 

BNP Paribas SA:Is likely to pay $8 to $9 billion as part of a potential settlement with U.S. authorities over violations of sanctions-Reuters.U.S. authorities are probing whether BNP Paribas evaded U.S. sanctions relating primarily to Sudan between 2002 and 2009, and whether it stripped out identifying information from wire transfers so they could pass through the U.S. financial system without raising red flags.The investigation has turned up more than $100 billion in books and records violations transactions involving Sudan, Iran and Cuba.  Full Article

BNP Paribas SA's Arval and Shanghai Qiangsheng Holding Co Ltd's Shanghai Ba-shi Car Rental Service Co Ltd to set up joint venture
Wednesday, 18 Jun 2014 08:00pm EDT 

BNP Paribas SA:Says its subsidiary Arval, which specializes in full-service leasing of multi-brand vehicles to companies to set up joint venture with Shanghai Qiangsheng Holding Co Ltd's Shanghai Ba-shi Car Rental Service Co Ltd.  Full Article

BNP Paribas and Orange launch new mobile banking services in Africa
Sunday, 15 Jun 2014 08:00pm EDT 

BNP Paribas SA:Orange and BNP Paribas group offer retail banking customers in Africa direct access between their BNP Paribas account and their Orange Money account through their mobile phones.New service is available in Cote d’Ivoire and will be extended to other countries in which BNP Paribas and Orange Money are present, particularly Senegal.  Full Article

Ex-director sues BNP Paribas subsidiary-Reuters
Thursday, 5 Jun 2014 08:00pm EDT 

BNP Paribas SA:Jean-Marc Orlando, an Orthodox Jew fired from his position as managing director at BNP Paribas North America Inc, sues the company, saying to be terminated for his religious beliefs after complaining about Nazi imagery in training video - Reuters.Lawsuit filed in Manhattan federal court alleges that company eventually fired Jean-Marc Orlando from New York office in retaliatory move after he complained about training video he and other managers were shown during training session in Amsterdam in 2011.Jean-Marc Orlando is seeking $40 million in monetary and punitive damages.  Full Article

Euler Hermes and BNP Paribas sign national distribution agreement
Wednesday, 21 May 2014 08:00pm EDT 

Euler Hermes SA:Says it has signed a national distribution agreement with BNP Paribas SA that involves offering 32,000 corporate clients of BNP Paribas in France credit insurance solutions.  Full Article


Exclusive: BNP Paribas hires ex-U.S.Treasury official for compliance job

NEW YORK - 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.

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