BNP Paribas SA (BNPP.PA)
Latest Key Developments (Source: Significant Developments)
: BNP Paribas Chairman Lemierre says after Brexit vote the UK is for the first time in years "no longer reliable" . says "let's face it Brexit vote has a limited impact on Europe" . . Further company coverage: [BNPP.PA] ((firstname.lastname@example.org; +33 1 49 49 54 52)). Full Article
BNP Paribas SA:France is tightening its anti-corruption laws to clean up its image after several French companies were slapped with huge fines abroad, with planned reforms including greater protection for whistleblowers and a new anti-corruption agency. - RTRS.Two years ago, France's biggest bank, BNP Paribas, was fined $9 billion by U.S. authorities over violations of sanctions against Sudan, Cuba and Iran.French engineering company Alstom ALSO.PA and oil groups Total and Technip were also forced to pay millions of dollars to the U.S. authorities over bribery allegations.French Finance Minister Michel Sapin will unveil the new bill to the cabinet on Wednesday, before sending it to parliament for discussion."We are badly ranked internationally, we're under suspicion," Sapin told France Inter radio on Tuesday."So we must wash away this suspicion and for that we need strong measures," he said. The bill will also include the creation of a government-wide registry of lobbyists and a ban on "large" gifts to government officials, officials at the finance ministry said.France was ranked 23rd in Transparency International's latest corruption perception index, below Germany, Britain and the United States, and was criticised by the Organisation for Economic Co-operation and Development (OECD) in 2014. Full Article
BNP Paribas SA:Proposes FY 2015 dividend of 2.31 euros per share, equivalent to 45 pct payout. Full Article
BNP Paribas SA:Belgian bank BNP Paribas Fortis plans to reduce its workforce by 7.1 percent over the next three years, it said on Thursday, as it adapts its retail network to focus on a growth in online banking - RTRS.BNP Paribas Fortis said its workforce will fall to 13,675 employees by the end of 2018 from 14,725 currently, a reduction of 1,050, the bank said, confirming a report in Belgium's L'Echo daily - RTRS.French parent BNP Paribas BNPP.PA, which bought Fortis Bank in a rescue deal at the height of the financial crisis, is like its rivals cutting costs in its branch networks, where low interest rates and consumer belt-tightening pressures revenues - RTRS. Full Article
WARSAW/VIENNA, Nov 17 BNP Paribas has approached Raiffeisen Bank International to express interest in buying the Austrian bank's Polish division Raiffeisen Bank Polska , two sources familiar with the situation said.