BNPQY - BNP Paribas SA

Other OTC - Other OTC Delayed Price. Currency in USD
28.87
+0.04 (+0.14%)
At close: 3:59PM EST
Stock chart is not supported by your current browser
Previous Close28.83
Open28.72
Bid0.00 x 0
Ask0.00 x 0
Day's Range28.69 - 28.98
52 Week Range21.75 - 30.13
Volume269,820
Avg. Volume176,793
Market Cap71.883B
Beta (5Y Monthly)1.37
PE Ratio (TTM)8.49
EPS (TTM)3.40
Earnings DateN/A
Forward Dividend & Yield1.68 (5.84%)
Ex-Dividend DateMay 23, 2019
1y Target Est23.82
  • Gold Tops $1,600 as Virus Fuels Growth Fears
    Bloomberg

    Gold Tops $1,600 as Virus Fuels Growth Fears

    (Bloomberg) -- Fears that the coronavirus could be a disaster for the global economy and a drumbeat of speculation over central-bank stimulus are driving another rally in precious metals.Gold surpassed $1,600 an ounce this week and is closing in on a seven-year high. Palladium climbed for a sixth day in the spot market, extending its record-breaking rally.“Gold is continuing to resist the firm U.S. dollar and appears to remain in good demand as a safe haven because of the Covid-19 virus,” Daniel Briesemann, an analyst at Commerzbank AG analyst, said in a note. “The madness on the palladium market continues.”The most surprising metal remains palladium, which rose as much as 8.4%. The metal used to curb emissions from vehicles rallied as the Chinese government pledged to stabilize car demand in the Asian country. Efforts to contain the coronavirus earlier prompted manufacturing shutdowns.Companies from Apple Inc. to Adidas AG are starting to account for the economic damage of the coronavirus, which has already killed more than 2,000 people. At the same time, traders are paying more attention to the possibility of central bank easing in the coming months.The Federal Reserve has said the effects of the virus have presented a “new risk” to the outlook and traders will study minutes from the latest meeting, due later Wednesday, for any hint of a dovish tone. Lower borrowing costs boost the investment appeal of precious metals that don’t offer yields.Palladium generated a 148% return in the past two years -- the biggest among the raw materials tracked by a DCI BNP Paribas gauge. Prices rallied as supply continued to trail consumption.“There is nothing on the horizon to change the direction of these shortages,” Neal Froneman, the chief executive officer of Sibanye-Stillwater Ltd., said at a presentation in Johannesburg, referring to palladium and rhodium.Stricter vehicle emissions standards are spurring more demand for the metals, which are used to clean car fumes, he said.In China, the world’s largest auto market, areas with purchase limits should be encouraged to soften curbs by increasing car plate quotas, according to an article by President Xi Jinping published in Communist Party-run magazine Qiu Shi on Sunday.Why Palladium Is Suddenly a More Precious Metal: QuickTakePalladium rose 1.9% to $2,678.03 an ounce at 1:53 p.m. in New York after reaching a record $2,849.61 earlier. For a second straight day, the metal’s 14-day relative index stayed above 70, a level seen by traders who study charts as a sign that the commodity is overbought and poised to decline. Futures settled 2.9% higher on the New York Mercantile Exchange.Tighter supply and China’s support for the auto sector “do not justify the renewed upswing in price in our opinion,“ Commerzbank’s Briesemann said.Spot gold advanced 0.5% to $1,609.05 an ounce. Futures closed 0.5% higher on the Comex in New York.\--With assistance from Eddie van der Walt, Felix Njini, Justina Vasquez and Yvonne Yue Li.To contact the reporters on this story: Lynn Thomasson in London at lthomasson@bloomberg.net;Ranjeetha Pakiam in Singapore at rpakiam@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, ;Lynn Thomasson at lthomasson@bloomberg.net, Joe RichterFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Lion Air to decide on IPO plans by month-end -sources

    Indonesia's Lion Air will decide by the end of the month when to proceed with its planned initial public offering (IPO) in the face of reduced investor appetite for the sector because of the coronavirus outbreak, said sources close to the matter. Banks involved in the expected $500 million IPO of one of Asia's largest budget airlines have completed investor presentations in Singapore, Hong Kong, Jakarta, Europe and the United States, the sources said. Sources had previously said that Lion Air could launch the IPO as early as March.

  • European banks shine as bond trading rebounds
    Reuters

    European banks shine as bond trading rebounds

    MILAN/LONDON, Feb 6 (Reuters) - European banks have started 2020 on a strong note, much like their rivals in the United States, with a revival in bond trading offsetting pressures from negative interest rates. The European bank shares index erased all of its year-to-date losses on Thursday as strong trading and fee revenues from major banks in the region pointed to a better-than-expected earnings season. Although BNP Paribas had to cut profit targets on Wednesday because of the lower for longer rate environment, investors reacted positively to the French bank's bumper trading revenues.

  • France's BNP Paribas on prowl for further European expansion
    Reuters

    France's BNP Paribas on prowl for further European expansion

    BNP Paribas is looking for further opportunities to expand its investment banking franchise in Europe and fortify its lead over local rivals after last year taking over Deutsche Bank's electronic equity and prime broking operations. France's biggest bank has jumped to the top of Europe's investment banking league tables by gaining market share in fixed income and equities trading, as others pare back or exit. Yann Gerardin, head of corporate and institutional banking at BNP Paribas, told Reuters after the bank reported a doubling of fourth quarter global markets revenue that it would examine openings like the Deutsche one if they arose.

  • BNP Keeps Up With Wall Street Trading as Low Rates Cast a Shadow
    Bloomberg

    BNP Keeps Up With Wall Street Trading as Low Rates Cast a Shadow

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.BNP Paribas SA kept pace with trading gains at some of its biggest Wall Street rivals in the fourth quarter, while cautioning that it’s not immune to the impact from a prolonged period of negative interest rates.Fixed income, currency and commodity trading revenue jumped almost 63% in the final three months of the year, placing BNP ahead of European rivals Deutsche Bank AG and UBS Group, and in line with some of the biggest U.S. banks such as Goldman Sachs Group Inc. Despite those gains, the Paris-based bank joined European rivals in paring a profitability target at a time when lending margins are under pressure.Chief Executive Officer Jean-Laurent Bonnafe is overseeing a revival of the bank’s trading unit after slashing costs and downgrading revenue and profitability targets a year ago. Last year he agreed to take over Deutsche Bank prime brokerage clients as he seeks to take market share from rivals cutting back their investment banks.Equity and prime services revenue increased to 520 million from a “low base” of 145 million euros a year earlier, BNP said. In fixed income trading, it benefited from “very strong growth across all segments.” All told, BNP’s global markets unit -- its key trading division -- more than doubled revenue from a year earlier.Chief Financial Officer Lars Machenil said in a Bloomberg TV interview that the corporate and investment bank is well positioned for 2020 after gaining market share in its key businesses last year.“International financial services remains the engine of growth,” he said.Tweaking TargetsShares of the lender swung between gains and losses as investors weighed the strong trading figures and the slightly muted outlook. The stock was 0.4% lower at 9:51 a.m. in Paris trading, bringing declines this year to 7%.The bank introduced a 10% return on tangible equity target for 2020, dropping a previous and slightly higher target, though the newer figure is still more ambitious than many rivals. For 2020, the bank targets business growth in all its operating divisions and a decrease in the absolute value of its operating expenses.Overall, revenue rose 11.5% in the quarter to 11.3 billion euros, ahead of estimates and outpacing a 4.6% increase in costs in what is known as positive jaws effect. The bank’s common equity Tier 1 ratio, a measure of financial strength, further increased by 10 basis points to 12.1% at the end of the year from the third quarter. Net income rose 8.6% in the quarter to 1.85 billion euros, slightly missing the average analyst estimate of 1.88 billion euros.As part of the measures announced a year ago, Bonnafe pledged an additional 600 million euros in cost cuts to weather a trading slump. The bank is targeting about 3.3 billion euros of expense reductions by 2020. Results at the end of 2018 had been particularly difficult, when the bank lost about $80 million on derivatives trades linked to the U.S. stock market.Wall Street’s RallyThe French bank is past halfway through its 2020 cost plan, but has so far stayed clear of suggesting any big job-cutting plans like those at Parisian rival Societe Generale SA or the thousands of planned reductions at Deutsche Bank. Instead, BNP’s moves have included outsourcing equity research in Asia to Morningstar Inc. The bank said Wednesday that it plans to generate additional recurring savings of 1.5 billion euros in 2020.BNP’s performance in FICC trading last quarter puts it near the middle of the pack compared with Wall Street Peers. Morgan Stanley led the gains after seeing revenue more than double, while JPMorgan posted an 86% jump. Bank of America had one of the lowest increases, with a 25% jump in revenue.BNP Paribas is targeting its spending to win clients in countries such as the U.S., the U.K. and especially Deutsche Bank’s backyard, Germany, where the mass of small and medium-sized companies have traditionally been the backbone of its export-oriented powerhouse economy.\--With assistance from Rudy Ruitenberg.To contact the reporter on this story: Dale Crofts in Zurich at dcrofts@bloomberg.netTo contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net, Christian BaumgaertelFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • PR Newswire

    BNP Paribas CEO Interview - FY 2019 Results (Video)

    BNP Paribas, one of Europe's largest banks, reports 2019 full year results. CEO Jean-Laurent Bonnafé comments on the Group's results.

  • MarketWatch

    BNP Paribas cuts profitability target, as fourth-quarter profit climbs

    BNP Paribas SA cut its profitability target for this year as fourth-quarter net profit rose significantly.

  • One Unique Energy Company to Consider
    GuruFocus.com

    One Unique Energy Company to Consider

    CorEnergy Infrastructure Trust has a business model that enables it to earn profits even during an oil market downturn Continue reading...

  • GlobeNewswire

    BNP Paribas Closes Sustainability-Linked Syndicated Credit Facility with WSP Global

    MONTREAL, Feb. 04, 2020 -- BNP Paribas, a premier global banking partner, today announced that it has closed a sustainability-linked syndicated credit facility with WSP Global.

  • JAB's $3.3 Billion Coffee IPO Moves Closer With Banks Selected
    Bloomberg

    JAB's $3.3 Billion Coffee IPO Moves Closer With Banks Selected

    (Bloomberg) -- The billionaire Reimann family’s JAB Holding Co. is moving ahead with preparations for an initial public offering of its sprawling coffee empire, which owns brands from Caribou to Peet’s, people with knowledge of the matter said.The investment firm has picked BNP Paribas SA and JPMorgan Chase & Co. to advise on the planned listing, according to the people, who asked not to be identified because the information is private. JAB is considering raising about 3 billion euros ($3.3 billion) in an Amsterdam IPO of the business, which could take place as soon as the first half of the year, the people said.The offering could become the biggest listing on a European exchange since manufacturer Knorr-Bremse AG raised 3.85 billion euros in October 2018, according to data compiled by Bloomberg. Representatives for BNP, JAB and JPMorgan declined to comment.JAB said in December it plans to combine its Jacobs Douwe Egberts and Peet’s units in a single entity before a possible listing. JAB’s coffee unit is expected to generate about 7 billion euros in annual revenue, one of the people said.The Luxembourg-based investment firm has spent tens of billions of dollars investing in brands including Jacobs, Stumptown and Intelligentsia, challenging Nestle SA and Starbucks Corp. for leadership in the industry. JAB has also acquired fast-food brands ranging from Krispy Kreme Doughnuts to the Pret A Manger sandwich chain.To contact the reporters on this story: Myriam Balezou in London at mbalezou@bloomberg.net;Thomas Buckley in London at tbuckley25@bloomberg.netTo contact the editors responsible for this story: Dinesh Nair at dnair5@bloomberg.net, ;Eric Pfanner at epfanner1@bloomberg.net, Ben Scent, Andrew NoëlFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Wake up and smell the IPO. Peet’s Coffee owner edges closer to listing
    MarketWatch

    Wake up and smell the IPO. Peet’s Coffee owner edges closer to listing

    Europe’s drowsy equity market could be about to get a shot of caffeine. JAB Holdings has taken another step toward the planned initial public offering of its coffee and tea business, which could raise up to $3.3 billion. The private investment firm, which is backed by Germany’s billionaire Reimann family, has enlisted banks BNP Paribas (FR:BNP) and JPMorgan (JPM) to advise it on a potential listing, according to Bloomberg.

  • Saudi Push for Early OPEC+ Meeting Hits Russian Resistance
    Bloomberg

    Saudi Push for Early OPEC+ Meeting Hits Russian Resistance

    (Bloomberg) -- Saudi Arabia’s push to convene an emergency OPEC+ meeting next month, bringing forward a gathering scheduled for March, ran into resistance from its key oil-market ally, Russia.The kingdom, the biggest member of the Organization of Petroleum Exporting Countries, has consulted with fellow producers on expediting the meeting -- currently lined up for March 5 to 6 -- amid growing alarm that Asia’s coronavirus outbreak will weaken oil demand, several delegates said.As of Thursday evening, the process was temporarily on hold after encountering a variety of scheduling obstacles, delegates said. Whether talks resume will depend on movements in oil prices, one of the delegates said. West Texas Intermediate crude, the U.S. benchmark, was down 2.8% at $51.86 a barrel as of 12:59 p.m. local time. If the cartel and its allies were to agree on an early meeting, historical precedent suggests it could result in action to further curtail supply, deepening the cut that the group agreed in December. Every time OPEC has called an emergency session over the last decade or so, it has immediately reduced production in an effort to lift prices. It did so in Doha in 2006 and in Vienna in 2008.The overture has so far been rebuffed by Russia, the biggest and most important producer in the broader coalition known as OPEC+, the delegates said. The 23-nation alliance has been cutting supply for much of the past three years to defend oil prices, which have plunged about 15% in New York this month.Moscow has often been reluctant to restrain production unless absolutely necessary, because it requires lower prices than the Saudis and most other OPEC countries to cover government spending.Still, discussions about the early meeting continue, the delegates said. Algerian Energy Minister Mohamed Arkab -- who currently holds the ceremonial post of OPEC president -- said the cartel will make a decision within days, according to a report from the Algerie Presse Service.(Updates with comments from delegates in third paragraph.)\--With assistance from Nayla Razzouk, Lucia Kassai, Jim Silver, Salma El Wardany, Golnar Motevalli, Annmarie Hordern and Dina Khrennikova.To contact the reporters on this story: Grant Smith in London at gsmith52@bloomberg.net;Javier Blas in London at jblas3@bloomberg.net;Salma El Wardany in Cairo at selwardany@bloomberg.netTo contact the editors responsible for this story: Nayla Razzouk at nrazzouk2@bloomberg.net, James HerronFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Fed Holds Main Rate as Powell Stresses Need to Hit 2% Inflation
    Bloomberg

    Fed Holds Main Rate as Powell Stresses Need to Hit 2% Inflation

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The Federal Reserve kept its key interest rate unchanged and continued to signal policy would stay on hold for the time being, while stressing the importance of lifting inflation to officials’ target.The central bank also made a technical adjustment to the rate it pays on reserve balances and said it would extend at least through April a program aimed at smoothing volatility in money markets.“We believe monetary policy is well positioned to serve the American people by supporting continued economic growth,” Chairman Jerome Powell told a press conference Wednesday in Washington. Officials kept the target range of the benchmark federal funds rate at 1.5% to 1.75% and called that stance “appropriate to support sustained expansion of economic activity.”U.S. stocks erased gains while yields on the 10-year Treasury note declined and the dollar fluctuated. Traders extended bets the Fed would cut rates toward the end of this year.“The Fed has made it clear that the barriers to move in either direction are quite high,” said said Daniel Ahn, the chief U.S. economist at BNP Paribas. “But we believe the wall for a cut is lower than the wall for a hike.” He detected a “dovish tilt” in Powell’s efforts to stress the Fed was uncomfortable with inflation running persistently too low.Policy makers changed their statement to say that the current stance of monetary policy is appropriate to support “inflation returning to the committee’s symmetric 2% objective.” Previously they had said policy was supporting inflation “near” the goal.Powell explained in his press conference that the change was made to send “a clearer signal” that the committee was not comfortable with inflation running persistently below target. “We wanted to underscore our commitment to 2% not being a ceiling,” he said.Click here for Bloomberg’s TOPLive blog on the decisionTheir preferred gauge of price pressures -- the personal consumption expenditures price index -- rose 1.5% for the 12 months ending in November. Powell said inflation was expected to move closer to 2% over the next few months thanks to so-called base effects, “as unusually low readings from early 2019 drop out of the calculation.”Decision HighlightsOfficials made some changes even while keeping their benchmark interest rate steady.They approved a 5 basis-point increase on the rate they pay on excess reserves to 1.6% -- a technical adjustment designed to keep the main funds rate within its designated range.The Fed raised its overnight reverse repurchase rate by the same amount to 1.5%, and extended term and overnight repos at least through April. The central bank had earlier signaled such measures were possible.It downgraded its assessment of household spending to say it has been rising at a “moderate” pace, instead of its earlier characterization of the rate as being “strong.”The committee repeated that economic activity has been rising at a “moderate” rate, with “strong labor market conditions.”Officials gathered with financial markets on edge as a deadly virus in China weighs on its economy and could threaten global growth. Policy makers also endured another attack from President Donald Trump, facing re-election in November, who reiterated in a tweet Tuesday his latest call for the Fed to cut rates.The FOMC decision was the panel’s second-straight unanimous vote.Following three cuts in 2019, U.S. central bankers have said their policy is supporting the country’s record expansion despite headwinds from trade and geopolitical uncertainty.What Bloomberg’s Economists SayThe implicit message is that, while policy makers are alert to international developments (i.e. coronavirus, geopolitics, etc.), the accommodative setting of policy -- 75 bps to 100 bps below the committee’s median estimate of neutral -- should give the economy enough support to endure modest changes to the risk landscape.--Carl Riccadonna, Yelena Shulyatyeva and Andrew HusbyClick here to view the noteNonfarm payroll growth averaged 176,000 a month last year, while the unemployment rate held below 4% for most of the year.Data since the December FOMC meeting have shown the housing market has held up, fueled in part by last year’s rate cuts. Consumers also remain upbeat about their prospects, surveys have shown.Manufacturing, however, has showed scant improvement, consistent with a downshift in investment and sluggish markets for exports.Business investment could be further dented by Boeing Co.’s suspension of 737 Max production starting in January. The plane maker received just three commercial aircraft orders in December, down from 63 the prior month, and doesn’t expect regulators to clear the grounded Max to resume flying until mid-2020.\--With assistance from Jordan Yadoo, Vivien Lou Chen, Sophie Caronello, Matthew Boesler and Ana Monteiro.To contact the reporter on this story: Craig Torres in Washington at ctorres3@bloomberg.netTo contact the editors responsible for this story: Alister Bull at abull7@bloomberg.net, Scott Lanman, Jeff KearnsFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Pound Resilience Is Here to Stay, With or Without a BOE Rate Cut
    Bloomberg

    Pound Resilience Is Here to Stay, With or Without a BOE Rate Cut

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Sterling traders are sounding confident on the currency’s prospects as they head into one of the most uncertain U.K. interest-rate decisions in years.Thursday’s policy announcement from the Bank of England has tempted investors to sell the currency on speculation of easing. They have also been positioning for an advance over the coming month if the BOE resists calls for action -- or even if it signals a ‘one-and-done’ 25 basis-point reduction. The only factor that could catch them out may be if the BOE hints at further easing and sounds an alarm on the economy.“Should the BOE cut rates this time, as we expect, some indicators in the options markets and on investor positioning suggest sterling’s retreat would likely remain relatively contained,” UniCredit SpA strategists including Roberto Mialich wrote in a note. The Italian bank sees the pound falling to between $1.2950 and $1.3000 in the event of a reduction.Bets on a rate cut have whipsawed in recent weeks and the pound has fluctuated on dovish comments from policy makers and conflicting data about the wider health of the economy. On Wednesday money markets were pricing in an over 40% chance of a rate cut. This was lower than the 70% chance just a couple of weeks ago.“Pricing in of the probability of rate cut in January subsided from the highs following some tentative signs in forward-looking data,” said Agne Stengeryte, fixed income strategist at BNP Paribas SA, adding that “today it is profit taking.”Overnight pound volatility picked up to its highest level since December. The pound slipped for a fifth day on Wednesday to near $1.30 and was on track for its worst month against the dollar since July.Yet a gauge of market positioning, one-month risk reversals, is hovering near its most bullish sentiment on the pound since October. For some analysts the big picture remains positive, and with sterling facing pressure there’s room for a shift upward.Stuttgart-based Landesbank Baden-Wuerttemberg is both one of the most accurate pound forecasters in recent months and a notable bull. They forecast the currency strengthening nearly 12% to $1.45 at year-end.“We think the BOE will stay on hold throughout 2020, maybe even increasing rates toward the end of the year,” senior economist Dirk Chlench said by phone, citing economic performance improving and increased political certainty.Fade Rallies The pound was the second-best Group-of-10 performer against the dollar in 2019, as it rallied toward the end of the year on confidence that the Conservatives would win the December election and help end the U.K.’s political stalemate.Still, some say any further gains will be limited.If the BOE holds rates on Thursday “we might get a little bit of a relief rally in sterling which would just provide better levels to sell against,” said Jeremy Stretch, the head of G-10 currency research at Canadian Imperial Bank of Commerce. “If we see a bounce up to the $1.3150-60 area that will be a good point to fade.”Even if the BOE does ease policy the pound could strengthen. Toronto-Dominion Bank sees the BOE lowering rates twice in the first half of 2020, yet believe they will support U.K. growth, boosting sterling by nearly 8% to $1.40 by year-end.“We would need to see a significant escalation of virus concerns or a clear validation that a follow-up rate cut was in the near-term pipeline for support around $1.2825 to face a meaningful challenge,” Ned Rumpeltin, European head of foreign exchange strategy at Toronto-Dominion, wrote in a client note.(Updates BOE pricing in fourth paragraph, adds comment in fifth paragraph)\--With assistance from James Hirai.To contact the reporters on this story: Greg Ritchie in London at gritchie10@bloomberg.net;Anooja Debnath in London at adebnath@bloomberg.netTo contact the editors responsible for this story: Dana El Baltaji at delbaltaji@bloomberg.net, William Shaw, Neil ChatterjeeFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    RPT-UK finance sector ready to wave Brexit white flag amid 'fish for finance' talk

    Britain's finance sector is losing hope of securing even basic access to European Union markets from Dec. 31, as talk that the EU wants UK fishing rights in exchange draws the industry into a political struggle between the bloc and its departing member. Hopes were high that Prime Minister Boris Johnson would prioritise the financial sector -- Britain's largest export industry and biggest corporate tax generator -- in trade talks. Until now, financial firms running EU operations from Britain believed that technical assessments by EU banking, insurance and markets regulators would be enough judge UK rules 'equivalent' to those governing EU-based firms, granting them market access after December.

  • Reuters

    Fintech startup Currencycloud raises $80 million from Visa, BNP Paribas and others

    London-based financial technology startup Currencycloud has raised $80 million in funding from strategic investors including Visa Inc, BNP Paribas SA, SBI Group, Siam Commercial Bank and the International Finance Corp, the company said on Sunday. Existing investors including Sapphire Ventures, Notion Capital and GV, formerly Google Ventures, also participated in the round, CurrencyCloud said.

  • Reuters

    UK finance sector ready to wave Brexit white flag amid 'fish for finance' talk

    Britain's finance sector is losing hope of securing even basic access to European Union markets from Dec. 31, as talk that the EU wants UK fishing rights in exchange draws the industry into a political struggle between the bloc and its departing member. Hopes were high that Prime Minister Boris Johnson would prioritise the financial sector -- Britain's largest export industry and biggest corporate tax generator -- in trade talks. Until now, financial firms running EU operations from Britain believed that technical assessments by EU banking, insurance and markets regulators would be enough judge UK rules 'equivalent' to those governing EU-based firms, granting them market access after December.

  • Reuters

    BNP Paribas, other French firms to open innovation hub for Brazil startups

    France's BNP Paribas is joining forces with three other major French companies to set up an innovation center in Brazil to foster startups accelerating digital transformation and help the bigger firms become more efficient. Based in Brazil's richest city, Sao Paulo, the 1,000 square-meter hub, called La Fabrique, will be shared with Carrefour Brasil SA, pre-paid meal vouchers and card provider Edenred and financial transaction systems developer Ingenico Group. "We are looking for startups that may help BNP gain efficiency," BNP Paribas Chief Executive and country head Sandrine Ferdane told Reuters in an interview.

  • What Does BNP Paribas SA's (EPA:BNP) Share Price Indicate?
    Simply Wall St.

    What Does BNP Paribas SA's (EPA:BNP) Share Price Indicate?

    Let's talk about the popular BNP Paribas SA (EPA:BNP). The company's shares received a lot of attention from a...

  • GlobeNewswire

    BNP Paribas Closes Sustainability-Linked RCF with Brookfield Renewable Partners

    BNP Paribas, a premier global banking partner, today announced that it has closed a bi-lateral, incentive-linked corporate revolving credit facility (“RCF”) with Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP), structured as a sustainability-linked loan (“SLL”). This is one of the first SLLs offered in Canada and the first for BNP Paribas in Canada. The key feature of this RCF structure is a pricing incentive whereby Brookfield Renewable Partners’ cost of debt declines as it continues to expand its renewable and clean electricity generating capacity and meets pre-determined CO2 emissions avoidance levels.