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Stock Market & Financial Investment News

News Breaks
June 27, 2014
06:44 EDTBNPQYBNP Paribas said to be prepared to pay $8.9B fine, plead guilty, NY Times says
According to sources, BNP Paribas is said to be prepared to plead guilty to criminal charges and pay a fine of $8.9B to state and federal authorities, the New York Times reports. The plea deal, which could be announced on Monday, would be the culmination of an investigation into the bank for transferring billions of dollars on behalf of Sudan and other countries that the U.S. has blacklisted. Reference Link
News For BNPQY From The Last 14 Days
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January 21, 2015
08:18 EDTBNPQYBNP Paribas discussing potential job cuts in January 27 meeting, Reuters says
BNP Paribas will hold an exceptional meeting with its works council on January 27 regarding potential job cuts, reports Reuters, citing French paper Les Echos. The paper cited a union representative, who stated the number of job cuts "should not" exceed 373, while the company's top bankers will see a 50% average cut in bonuses. Reference Link

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