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....
...BNP Paribas gets a little closer in a recent note: The downgrade of Altice France to CCC category is evidence of rising idiosyncratic risks as loan borrowers have been facing high rates for a prolonged...
...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....
...Bank of America, BNP Paribas Fortis, Deutsche Bank, JPMorgan Chase, Mizuho, Société Générale and Bank of Tokyo-Mitsubishi UFJ were among the banks that previously agreed to underwrite the facility....
...“Our clients told us that the first bank that was in touch when hell broke loose was BNP Paribas,” Mr Jung added....
...It holds assets valued at €27.5 tn on behalf of banks, brokers and funds. Educated as an engineer, Ms Mostrey was a member of the executive committee of BNP Paribas Fortis in Brussels....
...The banking operations were eventually sold to BNP Paribas, leaving Ageas to focus on insurance. The insurance group also retained responsibility for crisis-period claims against Fortis....
...A substantial portion of the proceeds is likely to go towards the purchase of a 25 per cent stake in Ageas’s Belgian insurance business held by BNP Paribas; the French bank has an option to sell in 2018....
...The banks’ fortunes are rising with Belgium’s gradual recovery. French bank BNP Paribas (which took over Fortis) and Dutch group ING report higher lending....
...UBS and BNP Paribas declined to comment....
...Think of three pairs of superficially similar banks pre-crisis: Citigroup and JPMorgan Chase; Royal Bank of Scotland and Barclays; Belgian-Dutch lender Fortis and BNP Paribas....
...Ms Jesiolowski joins UBP from BNP Paribas Fortis. C Emma McWilliam has moved to the enterprise risk management team at Hymans Robertson, the consultancy, from Milliman, the actuarial consultants....
...crisis to acquire Belgium’s Fortis Bank in 2009....
...BNP Paribas’ €3.25bn deal to buy out the Belgian’s government’s 25 per cent stake in Fortis, its local subsidiary, is the latest proof that France’s biggest bank is firmly back in growth mode....
...BNP Paribas’ fund business has had a tough few years....
...Mr Bonnafé compared it with the equity derivatives market, where he said BNP Paribas had taken market share from banks that had pulled out, such as Crédit Agricole, Fortis and Royal Bank of Scotland....
...He says: “I think the restructuring will take place over 2014 and that in 2015 you could see a stronger BNP Paribas.”...
...Within three weeks the BNP Paribas chief executive has struck two takeover deals and is plotting a third – the first involved buying the Belgian government’s 25 per cent stake in subsidiary Fortis for €3.25bn...
...“The transaction will establish BNP Paribas as a reference player in Poland’s banking sector.”...
...BNP Paribas reported a better than expected rise in net earnings in the third quarter despite lower revenue and a fall in its investment banking business, as the bank lowered both costs and provisions for...
...BNP Paribas is in a position for steady organic growth in Europe and a potential opportunity to buy out the minority stakes that Belgium and Luxembourg have in Fortis, giving them full ownership of a profitable...
...François Boissin, Exane BNP Paribas analyst, said Ageas investors would be reassured by the price and strategic fit....
...BNP Paribas, one of Europe’s largest banks by assets, reported a sharp rise in net profits in the third quarter, as it shook off the worst effects of last year’s eurozone crisis and enjoyed a rebound in...
...Details of its arbitration request are not yet public but Ping An had a public feud with the Belgian government in 2009 when it sold control of Fortis’s Belgian banking operations to France’s BNP Paribas...
...By shifting Spanish export and project finance loans to Belgium to close a funding gap put at €20bn by Bloomberg, BNP is merely tapping the liquidity acquired through its 2009 purchase of Fortis Bank – deep...
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