Search Results for: BNP
The first Blockchain Bizhackathon organised by BNP Paribas has just ended
February 3rd, 2016
BNP PARIBAS confirms its commitment to Blockchain The first Blockchain Bizhackathon organised by BNP Paribas on Transaction Banking activities has just ended. Initiated by the Corporate Trade and Treasury Solutions team, the aim was to assess real-world potential blockchain ...
BNP Paribas joins the R3 Blockchain Initiative
November 24th, 2015
The Group joins the R3 Blockchain initiative, which aims to establish whether an industry standard can be developed around Blockchain technology. This approach is part of the strategy of BNP Paribas, placing digital at the heart of its business ...
BNP Sued Over $650 Million `Wet Ink’ Error in Al-Sanea Deal
November 3rd, 2015
Golden Belt Sukuk sues French lender in $650 million lawsuit Saudi tycoon’s Saad Group defaulted on the deal in 2009 BNP Paribas SA is being sued by the trustee of a $650 million Islamic finance transaction who said the ...
CFH Clearing picks BNP Paribas as FX prime broker
September 14th, 2015
CFH Clearing has selected BNP Paribas as its new FX prime broker. BNP Paribas was selected following a rigorous process. Its strong credit rating, speed of onboarding and robust systems were particularly impressive, according to CFH Clearing. Nick Mortimer, ...
Bnp Paribas: PAYING WITH A SELFIE
August 6th, 2015
MasterCard caused a stir a few weeks ago by announcing a September 2015 trial release of its new online payment method: the selfie. An initial group of 500 customers will test the system this autumn, in yet another show of creativity from the banking ...
SFC fines BNP Paribas Securities (Asia) Limited $15 million for dark liquidity pool-related failures
August 4th, 2015
The Securities and Futures Commission (SFC) has fined BNP Paribas Securities (Asia) Limited (BNPP Securities Asia) $15 million for failures in relation to its dark liquidity pool trading services (Note 1). The disciplinary action follows an SFC investigation into ...
BNP Is Considering Its Biggest Bank Revamp Since the Crisis
July 30th, 2015
BNP Paribas SA is considering a reorganization of its securities unit that may bring the deepest cost cuts since the financial crisis. France’s largest bank enlisted Oliver Wyman and Boston Consulting Group to work on the revamp, dubbed “CIB ...
Agreement with RBS confirms BNP Paribas’ commitment to Cash Management and Trade Finance in Europe and internationally
July 2nd, 2015
BNP Paribas has been selected by RBS to act as the ‘referral bank’ for its Cash Management and Trade Finance clients affected by the latter’s decision earlier this year to focus its transaction services business on its home market ...
A record $9 billion penalty levied against BNP Paribas SA
June 16th, 2015
A record $9 billion penalty levied against BNP Paribas SA for violating U.S. economic sanctions Terrorism Victims Seek Part of BNP Penalty Large contingency lost family or were injured in 1998 embassy bombings The record penalty is morphing into ...
SFC reprimands and fines BNP Paribas Securities (Asia) Limited $11 million
June 2nd, 2015
The Securities and Futures Commission (SFC) has reprimanded and fined BNP Paribas Securities (Asia) Limited (BNP) a total of $11 million for its failures to report its direct business transactions (cross trades) to The Stock Exchange of Hong Kong ...
