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Stock Market & Financial Investment News

News Breaks
July 25, 2014
06:19 EDTBNPQYUSDA announces $80M False Claims Act judgement entered against BNP
The Department of Justice announced today that an $80M False Claims Act judgment was entered against BNP Paribas for submitting false claims for payment guarantees issued by the U.S. Department of Agriculture. The judgment entered by the court resolves the governmentís allegations that, from 1998 to 2005, BNP Paribas participated in a sustained scheme to defraud the SCG Program. The resolution of this matter was the result of a coordinated effort among the Commercial Litigation Branch of the Justice Departmentís Civil Division, the USDA, the USDA Office of Inspector General, the U.S. Postal Inspection Service and the Internal Revenue Service Criminal Investigation. 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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