BNP Paribas profit tops estimates on lower costs and global banking PARIS: BNP Paribas reported a fall in first-quarter profit and revenue on Thursday but beat analyst forecasts, as... Published 25 Apr, 2024 11:04am
Business & Finance BNP Paribas appoints Aymar de Liedekerke Beaufort as Asia Pacific global banking head SINGAPORE: BNP Paribas, the euro zone’s largest bank, has appointed Aymar de Liedekerke Beaufort as its global... Published 08 Apr, 2024 01:19pm
Markets China’s bonds boom as investors face ‘asset famine’ SHANGHAI: A record-breaking rally in Chinese sovereign debt is hitting a fever pitch in another sign China’s... Published 19 Mar, 2024 10:25am
Business & Finance BNP Paribas hikes cost cuts by 400mn euros after weak results PARIS: BNP Paribas, the euro zone’s largest bank, on Wednesday said it will step up its cost-cutting plan by 400... Published 13 Mar, 2024 01:43pm
Markets Wave of deals puts US shale oil back in focus NEW YORK: American shale oil is back at the center of the global petroleum game, a driver of major deals involving... Published 18 Feb, 2024 12:07pm
Business & Finance South Korea seeks fines on HSBC, BNP for naked short selling South Korea’s financial watchdog has recommended imposing a fine of at least 10 billion won ($7.67 million) each on... Published 21 Dec, 2023 10:22am
Markets Indian shares muted as financials offset metals; oil spike, US rate worries weigh BENGALURU: Indian shares were flat on Wednesday, as a slide in financials after Bajaj Finance missed profit... Published 18 Oct, 2023 10:17am
Markets BNP Paribas upbeat on India bonds after JPMorgan inclusion, sees 10-year rally MUMBAI: The recent addition of Indian government bonds to JPMorgan’s emerging market bond indexes has prompted BNP... Published 28 Sep, 2023 05:53pm
Markets China’s yuan inches higher, traders wary ahead of Jackson Hole HONG KONG: China’s yuan inched higher against the dollar on Wednesday after the central bank set the daily fixing... Published 23 Aug, 2023 09:31am
Business & Finance Slower, but still strong US employment growth expected in July WASHINGTON: US job growth likely slowed further in July, but retained enough momentum to shield the economy from a... Published 04 Aug, 2023 10:03am
Markets France’s BNP Paribas doubles profits in Q1 with Bank of the West sale PARIS: BNP Paribas, the euro zone’s biggest bank, saw profit more than double in the first quarter from a year... Published 03 May, 2023 10:58am
Business & Finance Belgium to sell part of BNP Paribas stake for more than $2bn PARIS: Belgium is preparing the sale of a third of its 7.8% equity stake in BNP Paribas, the euro-zone’s biggest... Published 06 Mar, 2023 06:22am
Business & Finance BNP Paribas posts record profit of 10.2bn euros PARIS: French bank BNP Paribas posted Tuesday a record profit of 10.2 billion euros, the latest in a series of... Published 13 Feb, 2023 05:57am
Markets Nine global banks invest $45mn in carbon credit platform LONDON: Nine global banks have invested a total of $45 million in a new platform to help scale up transactions of... Published 08 Feb, 2023 12:16pm
Markets BNP Paribas misses Q4 market expectations, raises 2025 targets PARIS: BNP Paribas, the euro zone’s biggest lender, posted a lower-than-expected net profit in the fourth quarter,... Published 07 Feb, 2023 12:19pm
Business & Finance Gulf investors bid for India’s Adani Enterprises’ $2.5bn FPO BENGALURU: Gulf investors International Holding Co PJSC and sovereign fund Abu Dhabi Investment Authority are among... Published 25 Jan, 2023 01:58pm
Markets BNP Paribas considers restructuring of consumer finance unit French lender BNP Paribas SA said on Friday it had submitted ideas for an overhaul of its consumer finance... Published 06 Jan, 2023 09:34pm
Markets BOJ should amend policy statement to include scope for rate changes TOKYO: The Bank of Japan should change a policy statement so it has more flexibility to adjust interest rates... Published 13 Dec, 2022 10:49am
Markets BNP Paribas profit tops forecast despite higher costs, debt markdown PARIS: BNP Paribas, the euro zone’s biggest lender, posted a higher than expected net profit in the third quarter,... Published 03 Nov, 2022 11:12am
Markets Credit Suisse banking on restructure revamp ZURICH: New Credit Suisse chief executive Ulrich Koerner, faced with trying to turn around the beleaguered bank... Published 25 Oct, 2022 01:19pm
Opinion Europe’s banks brace for bumpy ride after cheap money decade Europe’s banks, facing a potential economic storm and a rise in borrowing costs for the first time in more than a... Published 23 Jul, 2022 04:10am
Business & Finance Food inflation pain puts emerging markets between rock and hard place LONDON/ISTANBUL/CAIRO: Like for millions of people in developing and emerging market countries around the world,... Published 17 May, 2022 11:20am
Opinion Goldman, JPMorgan among banks left holding Russian stocks by sanctions switch A decision last month by FTSE Russell and MSCI to remove Russian stocks from their indexes has left some of the... Published 24 Apr, 2022 05:36am
Markets French bank BNP Paribas has 3bn euro exposure to Russia, Ukraine PARIS: French bank BNP Paribas said it had a total exposure of around 3 billion euros ($3.3 billion) to Russia and... Published 09 Mar, 2022 01:15pm
Opinion At the top of Europe’s banks, it’s still a man’s world Women remain rare visitors to the highest echelons of European banks. The 25 biggest banks by assets have seen 22... Published 09 Mar, 2022 06:44am
Markets France's BNP beats expectations in Q4, sets new goals to 2025 PARIS: French lender BNP Paribas reported on Tuesday better-than-expected net income in the fourth quarter on lower... Published 08 Feb, 2022 11:23am
Business & Finance BNP Paribas sells US unit Bank of the West for $16.3bn PARIS: French lending giant BNP Paribas said Monday it had sold its US retail and commercial banking arm Bank of the... Published 27 Dec, 2021 06:45am
Business & Finance Spain's Konecta hires JPMorgan, BNP Paribas to find buyer, Expansion says MADRID: Spanish privately held call centre operator Grupo Konecta has hired investment banks JPMorgan and BNP ... Published 22 Nov, 2021 01:04pm
Markets Credit Agricole's Q2 profit doubles as state cushions COVID-19 pains Like rivals, including Spain's BBVA and BNP Paribas which slashed provisions, the lender said its cost of risk - that reflects provisions against loan loss - was down 66.8%, while revenue rose by 18.8% Published 05 Aug, 2021 12:02pm
Markets BNP Paribas posts a profit rise on retail rebound and lower provisions Revenue was up 0.9%, as a 9.5% rebound in retail banking offset a drop in earnings from corporate and investment banking Published 30 Jul, 2021 11:37am