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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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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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