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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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November 21, 2014
06:27 EDTBNPQYBNP Paribas cuts eight U.S. junk-bond salesmen, WSJ reports
According to sources, BNP Paribas has cut eight junk-bond salesmen in the U.S., The Wall Street Journal reports. The cuts, which were made on Thursday, are said to include team head Kevin Cook. The bank is expected to continue to sell and trade the securities. Reference Link
November 19, 2014
07:05 EDTBNPQYBNP Paribas executives probed by French prosecutors, WSJ reports
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05:32 EDTBNPQYBNP Paribas upgraded to Hold from Underperform at Jefferies
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November 12, 2014
06:30 EDTBNPQYBNP Paribas should look into a merger with Monte dei Paschi, NY Times reports
BNP Paribas should be thinking about a merger with Monte dei Paschi di Siena with the potential rewards outweighing the risks, reports the New York Times. Such a merger would turn BNP's BNL division in Italy to the third-largest bank from the sixth. Reference Link

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