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Stock Market & Financial Investment News

News Breaks
June 18, 2014
06:22 EDTBNPQYBNP targets U.S. expansion with 100 new employees, Bloomberg says
Despite dealing with a possible $10B U.S. penalty regarding its dealings with sanctioned countries, French bank BNP Paribas said it aims to maintain its plan to broaden its BancWest unit, according to Bloomberg, citing comments from the company's co-head of wealth management Sofia Merlo. BancWest is set to hire nearly 100 wealth-management advisers throughout the next two years. Reference Link
News For BNPQY From The Last 14 Days
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July 21, 2014
11:34 EDTBNPQYBNP suit prompts calls for whistleblower rewards in banking, Reuters says
BNP Paribas' $9B settlement with U.S. authorities, assisted by internal whistleblowers, has prompted calls for federal banking regulators to defend and offer incentives to individuals who report wrongdoing by banks, according to Reuters, citing comments from architect of the Securities and Exchange Commission's whistleblower representation program Jordan Thomas. Reference Link
July 10, 2014
06:24 EDTBNPQYBNP enters guilty plea in U.S. to overstepping sanctions, Reuters says
BNP Paribas entered a guilty in Manhattan federal court to overstepping U.S. sanctions after agreeing to pay $8.97B to resolve state and federal investigations that reached the highest echelons of French and American diplomacy, according to Reuters, citing comments from Assistant U.S. Attorney Andrew Goldstein. The bank's sentencing date is set for October 3. Reference Link

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