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News Breaks
June 6, 2014
06:37 EDTBNPQYPresident Obama says BNP Paribas penalties up to AG, WSJ reports
President Barack Obama says he will not intervene in the U.S. Department of Justice's plans to fine BNP Paribas $10B in penalties, the Wall Street Journals reports. He says "The tradition of the United States is that the president does not meddle in prosecutions." Reference Link
News For BNPQY From The Last 14 Days
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November 30, 2015
06:06 EDTBNPQYRBS to sell Russian banking assets to Expobank, Bloomberg reports
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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 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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