Hints and tips:
...BNP Paribas shares fell almost 10 per cent on Thursday, the biggest drop on a bruising morning for several European lenders, after pushing back a key profitability target....
...Not Jean-Laurent Bonnafé, who if anything has retreated farther from view in his 12 years in charge of BNP Paribas....
...BNP Paribas posted a rise in underlying revenues and profits in the first quarter, lifted like some US rivals by higher income from rates and bond trading and as the French bank whittled down provisions...
...SocGen and BNP Paribas confirmed the searches. The other banks did not return requests for comment....
...BNP Paribas has appointed 10 bankers to senior roles including Wells Fargo’s Vanessa Dager to lead M&A in North America....
...Anyway, CS stock’s down 21 per cent at pixel time, with peers including BNP Paribas and SocGen following the mood: One-year credit default swaps for CS had hit a record high at Tuesday’s close and, on live...
...That compares to 9 per cent at larger peers Crédit Agricole and 7 per cent at BNP Paribas, the least geared towards household loans....
...BNP Paribas-owned Exane told OAM it was terminating the relationship on Thursday night, according to people with knowledge of the development, while UK-based Schroders has parted ways with OAM by selling...
...in the deal, and international banks from BNP Paribas to HSBC were cutting ties....
...BNP Paribas executives told the Dutch government that the French bank would be interested in buying state-owned lender ABN Amro, according to people familiar with the matter....
...BNP Paribas had expanded lending across the eurozone at the height of the pandemic and has since sought to build on that....
...Macken joined BNP Paribas in 2013 in the prime brokerage division, which deals with hedge funds....
...Hedge funds that used to work with Credit Suisse and want to go elsewhere would still be free to do so. And BNP Paribas would have leeway to approve or turn away clients....
...BNP Paribas was never really part of that group....
...BNP Paribas has agreed to sell its San Francisco-based Bank of the West to Bank of Montreal for $16.3bn, becoming the latest European lender to exit US retail banking....
...At the moment, all central banks are holding policy rates near zero at least across developed markets,” said Sam Lynton-Brown, head of developed markets strategy at BNP Paribas....
...Bank of America, BNP Paribas, Citi, Jefferies and UBS are joint bookrunners. Banks have told the group that a valuation of $22bn is possible....
...Income at Credit Suisse has declined across the board as the bank struggles to contain the fallout from the collapse of Archegos Capital, which led to $5.5bn in losses and the closure of $10bn of supply...
...BNP Paribas has faced questions from France’s anti-corruption regulator over its use of an introducer as part of a deal to buy Deutsche Bank’s prime brokerage business last year....
...Meanwhile, BNP Paribas and UBS have both increased their headcount in the UK. Trust us, this isn’t some sort of indulgence on the new and improved global Britain....
...“Our clients told us that the first bank that was in touch when hell broke loose was BNP Paribas,” Mr Jung added....
...(FT) News round-up BNP Paribas proposes buying up all of partner Exane (FT) Barclays faces £33m legal bill for Amanda Staveley case (FT) Grab Is in talks to go public through a Spac merger (WSJ) Renault...
...BNP Paribas warned coronavirus could knock a fifth off its 2020 profits as it revealed a €184m blow to its equities trading division after complex derivatives products suffered in volatile markets.The French...
...Job moves BNP Paribas named former HSBC M&A specialist Jan Masek as its head of advisory in Switzerland. He will be based in Zurich. Wilson Sonsini has hired Josh Beser as a partner....
...France’s BNP Paribas made aggressive moves to try to establish itself as Europe’s premier bank. Credit Suisse reeled in the wake of a scandal that saw its chief executive ousted....
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