Market Watch (Free subscription) | 11/05/2009
LONDON (MarketWatch) -- European shares dropped in early trading on Thursday, contributing to a volatile week, with rate decisions from the European Central Bank and the Bank of England on tap in another busy day for corporate earnings. Miner Vedanta Resources fell 2.9% and consulting firm Cap Gemini fell 4.9% after updating investors, while Deutsche Telekom rose 1.6% and BNP Paribas gained 1%. The...
Financial Times (Free subscription) | 11/05/2009
BNP Paribas, the eurozone's second largest bank, revealed higher-than-forecast third-quarter profits on increased earnings from its investment banking division and acquisition of Fortis
Market Watch (Free subscription) | 11/05/2009
PARIS (MarketWatch) -- French bank BNP Paribas SA (BNP.FR) Thursday said the continuing strong performance of its corporate and investment bank and the acquisition of Fortis Bank Belgium contributed to a 45% rise in third-quarter net profit.
Market Watch (Free subscription) | 11/02/2009
MADRID (MarketWatch) -- Swiss bank Credit Suisse was upgraded to buy from hold on Monday at Citigroup, which cited significant operating leverage potential in the asset-gathering business, across-the-board market share gains in investment banking and significant capital strength. Taking a wider view of capital markets, Citi said there have been major market share shifts, and Credit Suisse has been...
24/7 Wall St. (Free subscription) | 10/30/2009
These are this Friday mornings top ten analyst upgrades, downgrades, and initiations of coverage from Wall Street firms: Coach Inc. (NYSE: COH) Raised to Buy at Jefferies. Investment Technology Group (NYSE: ITG) Cut to Neutral at JPMorgan. Kellogg Company (NYSE: K) Raised to Buy at Citigroup. Lloyds Banking Group (NYSE: LYG) ADR upgraded at both BNP Paribas and Credit [...]
Financial Times (Free subscription) | 10/28/2009
Oil broke free of a three-month trading range recently to hit a year-high of $82 a barrel. Can the gains continue, or will economic realities curb progress? Ask Harry Tchilinguirian at BNP Paribas answers' readers' questions on Monday, November 2
Market Watch (Free subscription) | 10/28/2009
LONDON (MarketWatch) -- German hedge fund firm K1 Group is the target of an international criminal investigation after saddling banks including J.P. Morgan Chase , Barclays and BNP Paribas with $400 million of losses, Bloomberg News reported, citing people with knowledge ofthe probe. Europe and U.S. authorities are examining whether K1 deceived teh banks when borrowing money. K1 said on its web site...
Financial Times (Free subscription) | 10/23/2009
BNP Paribas said its chief Japan representative would resign, after the country's financial regulator ordered the French bank to suspend trading in its equities and commodities derivatives division for two weeks
Market Watch (Free subscription) | 10/23/2009
MADRID (MarketWatch) -- French bank BNP Paribas was upgraded to buy from neutral on Friday at UBS, which said it believes the bank will continue to deliver robust capital rebuild by cash flow generation, and get a boost from better-than-expected asset quality at Fortis, the Belgian bank it took over this year. UBS said it's overweight French banks overall, with expectations revenue growth will go...
Smart Money (Free subscription) | 10/21/2009
Governor of the Bank of England Speaks Out GOOD MORNING. Stocks in Asia closed lower today; U.S. futures are pointing to a lower open. Alan Greenspan was a famously opaque central banker, challenging traders and economists to figure out what he meant. Mervyn King, governor of the Bank of England, may be just the opposite. Writing in a newspaper opinion piece, King said U.K. interest rates will rise...
Financial Times (Free subscription) | 10/16/2009
BNP Paribas faces disciplinary action by Japan's markets regulator for the second time in less than a year
SeekingAlpha.com (Free subscription) | 10/15/2009
FINalternatives submits: Cadogan Management will be spun-off from Fortis Bank’s asset management arm as part of a management buyout. The $3.6 billion New York-based hedge will become an independent firm at the close of the transaction, ending its three years under the Fortis umbrella. Fortis is being acquired by French bank BNP Paribas. Complete Story »
Market Watch (Free subscription) | 10/14/2009
LONDON (MarketWatch) -- The U.K. subsidiaries and branches of leading overseas banks have agreed to adopt the bonus restrictions adopted in the G20 in Pittsburgh, the government said Wednesday. Bank of America Merrill Lynch, Citigroup, Credit Suisse, Goldman Sachs International, JP Morgan Securities Ltd, Morgan Stanley, Nomura and UBS have all agreed the limits, which comes into force at the beginning...
Market Watch (Free subscription) | 10/14/2009
LONDON (MarketWatch) -- French bank Credit Agricole said it's going to repay 3 billion euros ($4.5 billion) in state aid, joining rivals BNP Paribas and Societe Generale in doing so. The ongoing placement of highly subordinated notes on the European institutional market and the other similar issues carried out by Crédit Agricole over the past several months make, to a large extent, this redemption...
Market Wire (Free subscription) | 10/09/2009
NEW YORK, NY (MARKET WIRE) BNP Paribas Fortis is pleased to announce that, in addition to his existing responsibilities as Head of BNP Paribas' Oil and Gas business, Americas, Bart Schouest will assume the responsibility of Head of Oil & Gas for BNP Paribas Fortis, Americas. He will remain based in Houston, Texas.
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