Mortgage News Clips (Free subscription) | 11/30/2009
An uncle once told me, “I’ve had bad luck with both my wives. The first one left me. And the second one didn’t.” In a story from Reuters,both Deutsche Bank and France’s BNP Paribas SA separately sued Bank of America last Wednesday, “claiming that the largest U.S. bank breached its obligations on a total of [...]
Bloomberg (Free subscription) | 11/05/2009
Nov. 5 (Bloomberg) -- BNP Paribas SA, France’s largest bank, said third-quarter profit rose 45 percent, helped by the purchase of Fortis assets and a rebound at the investment bank.
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.
The Wall Street Journal (Free subscription) | 11/05/2009
BNP Paribas's third-quarter net profit rose 45%, helped by the acquisition of Fortis Bank Belgium and the strong performance of its corporate and investment bank.
Bloomberg (Free subscription) | 10/28/2009
Oct. 28 (Bloomberg) -- K1 Group, the German hedge fund firm, is embroiled in an international criminal investigation after saddling banks, including Barclays Plc, JPMorgan Chase & Co. and BNP Paribas SA, with about $400 million of losses, people with knowledge of the probe said.
Bloomberg (Free subscription) | 10/23/2009
Oct. 22 (Bloomberg) -- BNP Paribas SA, France’s biggest bank, is considering management changes and salary cuts at its Japan unit after regulators accused it of breaching local securities rules, two people with knowledge of the matter said.
Foreign Exchange Outlook (Free subscription) | 11/23/2009
... try to pull the economy out of its longest recession on record. Alan Clarke, an economist at BNP Paribas SA, said that "it's very much a case of keeping their options open. These minutes are saying there's arguments in both directions, and it's going to be very data-dependent in the next three months." The Pound was trading above $1.6800 versus the Dollar prior to the report, but...
Bloomberg (Free subscription) | 11/23/2009
... and higher-risk markets to continue to move higher,” , a foreign- exchange strategist in London at BNP Paribas SA, said today in a Bloomberg Television interview. That “will keep the dollar under pressure for the time being,” he said. All 10 industry groups in the S&P 500 advanced at least 1 percent, led by energy producers. Deere & Co. and Schlumberger Ltd. rallied more than 3.5 percent...
Foreign Exchange Outlook (Free subscription) | 11/19/2009
... try to pull the economy out of its longest recession on record. Alan Clarke, an economist at BNP Paribas SA, said that "it's very much a case of keeping their options open. These minutes are saying there's arguments in both directions, and it's going to be very data-dependent in the next three months." The Pound was trading above $1.6800 versus the Dollar prior to the report, but...
Bloomberg (Free subscription) | 11/19/2009
Nov. 18 (Bloomberg) -- Barclays Plc and BNP Paribas SA might have avoided losses of as much as $280 million on Helmut Kiener’s K1 Group had they heeded warning signs, lawyers say.
Bloomberg (Free subscription) | 11/18/2009
... recession on record. “It’s very much a case of keeping their options open,” said , an economist at BNP Paribas SA in London. “These minutes are saying there’s arguments in both directions, and it’s going to be very data-dependent in the next three months.” The pound rose 0.3 percent against the dollar today, trading at $1.6837 as of 10:02 a.m. in London. The yield on the 2-year U.K. government...
DealBreaker (Free subscription) | 10/29/2009
German police have arrested the founder of K1 Group, Helmut Kiener, in connection with an investigation into allegations of fraud at his hedge fund, a local prosecutor said. European and U.S. authorities are investigating allegations that K1 embezzled millions of dollars from several global banks, including J.P. Morgan Chase & Co., Barclays PLC, BNP Paribas SA and Societe Generale SA. Sponsored...
Bloomberg (Free subscription) | 10/29/2009
Oct. 28 (Bloomberg) -- Helmut Kiener went from selling advertising for telephone books and getting paid by the ad to starting a German hedge-fund firm that would eventually make bets using millions borrowed from such banks as Barclays Plc, JPMorgan Chase & Co. and BNP Paribas SA.
Bloomberg (Free subscription) | 10/30/2009
... concerned about a pullback or a correction,” said , head of U.S. equity-derivatives strategy at BNP Paribas SA in New York. “The selloff is pretty severe.” The VIX has rebounded since Oct. 22, when it closed at a 2009 low of 20.69. The measure of expected has averaged 20.27 in its 19-year history. It posted a 10-day , the longest since 2005, earlier this month on speculation $11.6 trillion...
Right Coast (Free subscription) | 10/26/2009
... and that’s helping the dollar weaken,” said Sebastien Galy, a currency strategist at BNP Paribas SA in New York. “The overall theme of the dollar weakening versus Asia is continuing.” The dollar traded at $1.5016 per euro at 9:31 a.m. in New York, compared with $1.5008 on Oct. 23. It earlier declined to $1.5063, the weakest level since August 2008. The dollar was...
