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Stock Market & Financial Investment News

News Breaks
May 12, 2014
06:46 EDTCS, BNPQYProsecutors appear unwilling to accept banks' proposed deal, NY Times says
As prosecutors moved towards forcing BNP Paribas (BNPQY) and Credit Suisse (CS) to plead guilty to criminal charges, the banks in recent weeks asked prosecutors to let their subsidiaries plead guilty to more modest charges, according to The New York Times, which cited unnamed sources. Prosecutors, however, did not appear willing to accept such deals, the newspaper indicated. Reference Link
News For BNPQY;CS From The Last 14 Days
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November 24, 2015
06:02 EDTBNPQYBNP Paribas among companies interested in GE unit, Reuters reports
BNP Paribas (BNPQY), La Banque Postale and CM-CIC are said to be interested in buying the European factoring division of General Electric (GE), Reuters reports, citing a report from Les Echos. According to Les Echos, firms offers for the unit, which could value the business at EUR700M-EUR1B, are expected today. BNP Paribas is said to be interested in the business in France and Germany, the report says. Reference Link
November 23, 2015
06:07 EDTCSCredit Suisse's 2015 compensation structure under consideration, Bloomberg says
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06:06 EDTCSCredit Suisse unit receives civil investigative demands from DOJ, Reuters says
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November 20, 2015
05:51 EDTBNPQYBNP Paribas to pay $59.8M in Swiss bank settlement, Bloomberg reports
BNP Paribas has agreed to pay $59.8M and revealed Swiss banking secrets in detail to avoid U.S. prosecution, reports Bloomberg. Some of the secrets include assets restructured into Liechtenstein-linked insurance policies, and a banker who agreed to communicate with one U.S. client by faxes or calls to a prepaid mobile phone. KBL and Bank CIC have also joined the program, paying $18.8M and $3.3M respectively. Reference Link
05:46 EDTBNPQYBNP Paribas dedicates EUR 15B in financing for renewable energy
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November 12, 2015
07:47 EDTCSCredit Suisse expected to begin job cuts in fixed income today, Reuters reports
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