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Stock Market & Financial Investment News

News Breaks
June 30, 2014
17:20 EDTBNPQYFed reports $508M penalty against BNP Paribas
The Federal Reserve on Monday announced a $508M penalty against BNP Paribas, Paris, France--the largest penalty ever assessed by the agency--for violations of U.S. sanctions laws. The Federal Reserve also issued a joint cease and desist order with the Autorité de Contrôle et de Prudentiel et de Résolution, ACPR, the home country supervisor of BNP Paribas. The cease and desist order requires BNP Paribas to implement a program to ensure global compliance with U.S. sanctions laws. BNP Paribas continues to operate branches in New York, Chicago, and San Francisco, and an agency in Houston, all of which are covered by the enhanced policies and procedures required by the order. Reference Link
News For BNPQY From The Last 14 Days
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January 28, 2015
16:56 EDTBNPQYFederal judge says FOREX manipulation case to proceed, Reuters reports
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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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