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Stock Market & Financial Investment News

News Breaks
July 31, 2014
06:34 EDTBNPQYNY governor steps in BNP agreement for $1B more for state fund, Reuters says
New York Govenor Andrew Cuomo stepped in to the $8.97B settlement agreement between U.S. authorities and BNP Paribas to guarantee that the state government would receive a much larger share of the proceeds, according to Reuters, citing three people familiar with the situation. One of the sources said that the governor called Manhattan District Attorney Cyrus Vance to aim for a larger piece of the $2.2B that was going to be accessible to the attorney to use for law enforcement projects. 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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