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Stock Market & Financial Investment News

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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July 2, 2015
08:14 EDTBNPQYRBS announces BNP Paribas as referral bank for GTS customers
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June 28, 2015
17:05 EDTBNPQYBank regulator probes 'Isdafix' benchmark manipulation, FT says
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June 18, 2015
06:21 EDTBNPQYFour banks to pay nearly $1B to settle forex rigging suit, AFP reports
Goldman Sachs (GS), BNP Paribas (BNPQY), Barclays (BCS), and HSBC (HSBC) have all reached separate agreements to settle a U.S. civil lawsuit over alleged foreign exchange rigging in deals totaling approximately $1B, AFP reports, citing sources close to the situation. The agreements are preliminary and are subject to change, the sources told AFP, confirming an earlier report on the settlements from the Wall Street Journal. Barclays is expected to pay $375M, HSBC $285M, BNP Paribas roughly $200M, and Goldman Sachs about $130M, the report says.The four banks' pending agreements would settle the civil lawsuit filed by Scott & Scott and Hausfeld that claims their traders manipulated the forex market to boost the banks' profits, AFP reports. Reference Link
06:01 EDTBNPQYBanks to settle civil forex lawsuit for nearly $2B, WSJ reports
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