|Bid||48.96 x 0|
|Ask||48.99 x 0|
|Day's range||47.90 - 49.06|
|52-week range||38.12 - 64.31|
|Beta (3Y monthly)||1.13|
|PE ratio (TTM)||8.55|
|Forward dividend & yield||3.02 (7.08%)|
|1y target est||64.00|
BNP Paribas could raise outside money for its first such fund, known as a direct-lending fund, as soon as this year, according to a person with knowledge of the matter. Discussions at Barclays are more preliminary, but any fund set up could offer a broad range of financing options, according to separate people. The banks are considering following the lead of Goldman Sachs Group Inc., which decades ago set up a direct lending arm that has helped it win fees.
BNP Paribas on Wednesday denied having sued Astaldi, adding that it was the Italian builder that had launched legal action against the French lender on March 13. The bank said it and other lenders were sued by Astaldi over the payment of an international guarantee issued by BNP Paribas at the request of the Italian group in favour of National Bank of Canada. The legal move was "totally groundless", BNP added.
An amended complaint listing the names was filed Monday in a proposed class action against about a dozen financial institutions. The 27 traders, referred to as “key personnel” on those bond desks, aren’t named as defendants in the suit, brought by the Alaska Electrical Pension Fund in Manhattan federal court. Bloomberg reported last June that the Justice Department had opened a criminal investigation into whether some traders manipulated prices in the market for unsecured bonds, known as agencies, issued by the government-backed companies.
, will stop investing in companies that derive more than 10% of their revenue from mining thermal coal or account for more than 1% of total global coal production, it said Thursday. BNP Paribas Asset Management said the measure will apply to all its actively managed open-ended funds and will become the default policy for other accounts it runs on behalf of institutional investors. Power generators with carbon intensity above the 2017 global average of 491 grams of carbon dioxide per kilowatt hour of electricity generated will also be excluded from portfolios, the asset manager said.
BNP Paribas reached an agreement with unions over a plan to cut as many as 2,500 jobs at its Belgian retail banking unit by 2021 as part of an effort to bring down costs. The bank expects most of the departures at BNP Paribas Fortis to come through attrition and it will offer an early retirement to 800 workers aged 58 and over, said spokesman Valery Halloy. In Belgium as elsewhere, retail banks are closing down branches as the growth of electronic banking means that fewer people visit local branches.
PARIS (Reuters) - BNP Paribas' Belgian subsidiary is about to cut between 800 and 1,000 jobs following talks with unions, French newspaper Les Echos reported on its website on Thursday. The French bank's ...
BNP Paribas is a leading bank in Europe with an international reachIt has a presence in 72 countries, with more than 202,600 employees, of which almost 155,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors.
BNP Paribas on Wednesday reduced its profit target for 2020 and said it planned to cut 350 million euros in costs from its corporate and investment bank after weak financial markets hit revenues in the final quarter of 2018. The bank also cut its revenue growth target to 1.5 percent per year between 2016 and 2020, from 2.5 percent previously. The downgrades came after revenue fell 1.5 percent in 2018 to 42.52 billion euros (37.36 billion pounds), dragged down by a 40 percent plunge in revenues at the bank's global markets business.
This optimism that the bank could defy the challenges faced by its European rivals now looks, at best, premature. Group revenue is now slated to grow by 1.5 percent on a compound annual basis, down from 2.5 percent.
The French bank cut its expectations for revenue growth Wednesday, increased its cost-cutting targets and cut its overall return on equity target for 2020 to 9.5% from 10% after reporting disappointing 2018 numbers. Most of the changes were down to its investment bank. Some, such as RBC Capital Markets, thought its new revenue growth forecast of 1.5% would still draw skepticism from investors.
European shares were lower on Wednesday as weak results from banks, including BNP Paribas, and carmaker Daimler brought an end to the market's six-day rally. Europe's STOXX 600 fell 0.2 percent by 0909 GMT, with the index stalled near the more-than-two-month highs reached on Tuesday. "Investors looking towards the State of the Union address for a fresh trading catalyst were left disappointed," said Jasper Lawler, head of research at London Capital Group.
European shares were slightly lower on Wednesday as weak results from banks, including BNP Paribas, and carmaker Daimler brought an end to the market's six-day rally. Europe's STOXX 600 fell 0.1 percent in early deals, with the index stalled near the more than two-month highs hit on Tuesday. President U.S. Donald Trump's combative State of the Union added to gloom on markets as he unveiled no new infrastructure initiatives and instead raised the prospect of another shutdown should financing for the Wall not be forthcoming.
Companies based in Europe are adopting artificial intelligence in a distinctly European way that emphasizes privacy and limits risk. Longstanding cultural norms and traditions make Europe less hospitable to the collection, analysis and sharing of personal data. Regional values were emphasized last May when the European Union’s General Data Protection Regulation went into effect.
LONDON (Reuters) - BNP Paribas on Wednesday advised clients to retain their long position on sterling, sticking to its prediction that Britain's departure from the European Union would be postponed even ...
PARIS (Reuters) - France's largest listed bank BNP Paribas is to close its New York commodities trading desk, offering its services from desks elsewhere, a source close to the matter said Tuesday, confirming ...