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BNP Paribas SA (BNPP.PA)

BNPP.PA on Paris Stock Exchange

60.61EUR
8 Dec 2016
Change (% chg)

€1.15 (+1.93%)
Prev Close
€59.46
Open
€59.45
Day's High
€61.66
Day's Low
€58.92
Volume
7,038,460
Avg. Vol
3,980,094
52-wk High
€61.66
52-wk Low
€35.27

Latest Key Developments (Source: Significant Developments)

BNP Paribas SA to cut jobs in Middle East-Bloomberg, citing sources - Reuters
Thursday, 22 Oct 2015 03:45am EDT 

BNP Paribas SA:BNP Paribas SA is considering job cuts in the Middle East as its investment banking business in the region slows, two people with knowledge of the matter said - Bloomberg.France’s largest bank may cut more than 100 of about 560 staff in the Gulf Cooperation Council region, with most reductions expected to occur in Bahrain, the regional headquarters, one of the people said, asking not to be identified because the matter is private - Bloomberg.Bahrain is BNP Paribas’s Middle East hub, including back-office and support functions - Bloomberg.BNP Paribas is reorganizing its investment bank, run by Yann Gerardin, to cut costs as global lenders face stricter rules and rising compliance needs - Bloomberg.  Full Article

BNP Paribas SA - JPMorgan Chase & Co, Morgan Stanley and Barclays Plc pay most in $1.9 bln swaps price-fixing settlement - Reuters
Thursday, 15 Oct 2015 08:00pm EDT 

BNP Paribas SA:JPMorgan Chase & Co, Morgan Stanley & Barclays Plc will pay over half of a more than $1.86 bln settlement resolving investor claims they conspired to fix prices and limit competition in the market for credit default swaps, according to a court filing -RTRS.Details of the settlement's breakdown with those and nine other banks were disclosed in papers filed late on Friday, in federal court in Manhattan, a month after the proposed deal was first announced -RTRS.JPMorgan will pay $595 mln, while Morgan Stanley & Barclays will pay $230 mln & $178 million, respectively, according to the filings -RTRS.The defendants in the case include Bank of America Corp, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group, HSBC Holdings, Morgan Stanley, Royal Bank of Scotland Group & UBS AG -RTRS.Goldman Sachs, Bank of America & Credit Suisse are set to pay about $164 mln, $90 mln and $159 mln, while Deutsche, Citi and BNP Paribas will pay $120 mln, $60 mln & $89 mln - RTRS.British banks HSBC and Royal Bank of Scotland will pay $25 mln & $33 mln -RTRS.The International Swaps and Derivatives Association will pay $750,000, while Markit Ltd, which provides credit derivative pricing services, will pay $45 mln -RTRS.US & European regulators have also examined potential anti-competitive practices in the CDS market -RTRS.Investors include the Los Angeles County Employees Retirement Association and Salix Capital US Inc -RTRS.  Full Article

Big banks including BNP Paribas SA in $1.865 bln swaps price-fixing settlement - Reuters
Thursday, 10 Sep 2015 08:00pm EDT 

BNP Paribas SA:Twelve major banks have reached a $1.865 billion settlement to resolve investor claims that they conspired to fix prices and limit competition in the market for credit default swaps, a lawyer for the investors said on Friday - Reuters.The settlement in principle was disclosed at a hearing before U.S. District Judge Denise Cote in Manhattan - Reuters.The defendants include Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, HSBC Holdings Plc, JPMorgan Chase & Co, Morgan Stanley, Royal Bank of Scotland Group Plc and UBS AG - Reuters.Other defendants are the International Swaps and Derivatives Association (ISDA) and Markit Ltd, which provides credit derivative pricing services - Reuters.Credit default swaps are contracts that let investors buy protection to hedge against the risk that corporate or sovereign debt issuers will not meet their payment obligations - Reuters.The market peaked at $58 trillion in 2007, according to the Bank for International Settlements, but shrank to $16 trillion seven years later as investors better understood its risks - Reuters.Investors including the Los Angeles County Employees Retirement Association and Salix Capital US claimed that the defendants' activity caused them to pay unfair prices on CDS trades from late 2008 through the end of 2013, even though improved liquidity should have driven costs down - Reuters.  Full Article

BNP Paribas SA to pay $115 mln to settle currency-rigging lawsuit - Reuters
Thursday, 13 Aug 2015 08:00pm EDT 

BNP Paribas SA:Says has agreed to pay $115 million to settle U.S. investor lawsuits accusing 16 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market, a person familiar with the matter said on Aug.14 - Reuters.Says the bank is among nine that lawyers for the plaintiffs disclosed on Aug.13 had reached agreements totaling more than $2 billion in class action litigation pending in New York.Of those banks, the plaintiffs have announced the terms for only four of their settlements, leaving unconfirmed how much BNP Paribas, HSBC Holdings Plc, Barclays Plc, Goldman Sachs Group Inc and Royal Bank of Scotland Group Plc will pay.IN the litigation, investors including hedge funds and pension funds, accused the banks of impeding competition by conspiring to manipulate the WM/Reuters Closing Spot Rates in chat rooms, instant messages and emails.  Full Article

BNP Paribas SA must pay investors $16.6 mln in arbitration -panel - Reuters
Monday, 29 Jun 2015 08:00pm EDT 

BNP Paribas SA:Says a BNP Paribas SA unit must pay $16.6 million to a London-based couple in a dispute stemming from an investment product that is typically sold to hedge funds and institutional clients, a securities arbitration panel has ruled -Reuters.Says Arbitrators from the Financial Industry Regulatory Authority (FINRA) found BNP Paribas Securities Corp liable in the case, which alleged gross negligence and civil fraud.Says the ruling in the long-running case, which began in 2010, includes $16.1 million in compensatory damages, which represents the full amount initially sought by the couple plus interest.  Full Article

BNP Paribas unit Arval has entered into a memorandum of understanding to acquire GE capital's european fleet operations
Monday, 29 Jun 2015 02:30am EDT 

BNP Paribas SA:Said unit Arval has entered into a memorandum of understanding to acquire ge capital's european fleet operations.The completion of the transaction is expected in the fourth quarter of this year.  Full Article

BNP Paribas raises 870 mln euros in Klepierre stake sale
Thursday, 7 May 2015 01:56am EDT 

BNP Paribas SA:Places part of stake in Klepierre at 39.60 euros per share.Raises 870 million euros from stake sale.Says sale will have positive impact of 5 bps on CET1 ratio.  Full Article

BNP Paribas proposes FY 2014 dividend
Thursday, 5 Feb 2015 01:00am EST 

BNP Paribas SA:To propose FY 2014 dividend of 1.5 euro per share, unchanged from FY 2013.  Full Article

NN Group completes sale of its stake in ING-BOB Life to BNP Paribas Cardif
Tuesday, 30 Dec 2014 12:00pm EST 

NN Group NV:Says to have completed sale of its 50 pct stake in its Chinese insurance joint venture ING-BOB Life Insurance Company to BNP Paribas Cardif.Transaction announced by ING Group on July 8, 2013, not to have material impact on NN Group results.  Full Article

BRIEF-BNP Paribas completes acquisition of Sharekhan

* Tarun Shah, CEO and director of Sharekhan, has announced his retirement