|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||46.62 - 48.12|
|52-week range||38.13 - 64.37|
|Beta (3Y monthly)||1.75|
|PE ratio (TTM)||8.23|
|Earnings date||2 May 2019|
|Forward dividend & yield||3.02 (7.09%)|
|1y target est||61.49|
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.
In the first quarter, coordinated production curbs by the Organization of Petroleum Exporting Countries and its allies helped oil rally the most in almost a decade, restoring prices to over $70 a barrel. Saudi Arabia, the group’s most powerful member, has made clear that it’s determined to keep supplies tight. OPEC and its partners launched a new round of output cuts at the beginning of the year when it looked like booming U.S. shale-oil production and fragile global demand growth would lead to a supply surplus.
Hong Kong's securities regulator has told funds who claim to consider environmental, social or governance (ESG) factors in their investment decisions to make it clear to their investors how it is they do so. The Securities and Futures Commission (SFC) said in a Thursday circular that a majority of the more than 20 funds it has authorised that claim an investment focus on ESG do not specifically disclose how they incorporate such factors into their investment selection process. Under the new rules, funds that say in their name or their investment strategy that they follow ESG or green principles must provide documents to investors that describe their investment focus, their selection criteria and evaluation methodology, among others.
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.
The departures, part of Nomura’s plan announced last week to cut costs in its global trading and investment banking operations by $1 billion in coming years, are focused on the Japanese firm’s secondary business in fixed income, currencies and emerging markets. Chief Executive Officer Koji Nagai is pivoting toward what he calls “client-focused” businesses, such as advisory, which tend to be less volatile. Nomura’s latest overhaul will lead to about 150 job losses across the U.S. and Europe, people with knowledge of the matter have said.
Fed board members voted 4-1 on Monday to seek comment on its plan for a new system that closely matches the overhauled domestic-bank framework proposed in October. Depending on what final calculations the Fed lands on, several foreign lenders -- including Deutsche Bank, Barclays, Credit Suisse, Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group Inc. and Toronto-Dominion Bank -- could be slotted into the second tier, just below a group of U.S. banks with massive global footprints.
A U.S. judge has dismissed a lawsuit seeking to hold nine large European banks liable for allegedly providing banking services to Iran that enabled militants to conduct 55 attacks against U.S. armed forces in neighboring Iraq. In a decision on Thursday, U.S. District Judge Laura Taylor Swain in Manhattan said the banks' alleged misconduct was too far removed from the attacks, which occurred from 2003 to 2011, to support civil liability under federal anti-terrorism laws. The U.S. Department of State has designated Iran a state sponsor of terrorism since 1984.
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.
HSBC is stepping up a root-and-branch overhaul of its global banking and markets division, naming 83 new managing directors in a 1,300-strong promotions spree aimed at revitalising its investment banking franchise. After another year of underwhelming performance in 2018, HSBC's management team - bolstered by new finance chief and ex-investment banker Ewen Stevenson - are plotting a push to recover ground lost to rivals, with a revamp of its trading floor seen as top priority, sources close to HSBC said. Samir Assaf, chief executive of global banking and markets, distributed a memo last Monday pointing out the significant rise in the number of women promoted this year.
, 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.
(Adds ECB action) By Huw Jones and William Schomberg LONDON, March 5 (Reuters) - The Bank of England said it will offer more euros to banks in Britain to avoid any cash crunch after Brexit and warned that ...
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.
Bahrain's sovereign wealth fund Mumtalakat is set to raise $600 million in sukuk, or Islamic bonds, with a 5.625 percent yield, a document issued by one of the banks leading the deal showed. Mumtalakat ...
Bahrain's sovereign wealth fund Mumtalakat started marketing its planned five-year U.S. dollar Islamic bonds, or sukuk, with an initial yield guidance of around 6.25 percent, a document issued by one of ...
France has mandated banks for the issue of a new 30-year bond to be sold in the coming days, the Agence France Tresor public debt management agency said on Monday. The joint lead managers for the new May ...
(Adds CEO comment) PARIS, Feb 12 (Reuters) - Natixis' fourth quarter net profits were halved after the French bank booked a 260 million euros ($294 million) loss on Asian derivatives during the period. ...