Search Results for: BNP
BofA Paying $315 Million to Settle With BNP, Deutsche Bank
May 6th, 2015
Bank of America Corp. agreed in March to pay a combined total of $315 million to settle lawsuits with Deutsche Bank AG and BNP Paribas Mortgage Corp. related to fraud losses at failed lender Taylor Bean & Whitaker Mortgage ...
Marco Baggioli Swaps BNP for ADS
April 29th, 2015
Marco Baggioli, Global Head of FX Prime Brokerage at BNP Paribas, is joining ADS Securities London Limited to take up the role of Chief Operating Officer. He will start work after the 1st July 2015 reporting to ADS London’s Managing Director, James ...
BNP Baribas: Another blow for France’s beleaguered bank
November 20th, 2014
Just months after paying a $9 billion fine to the American authorities for violating sanctions against Cuba, Iran and Sudan, BNP Paribas is back in the gunsights. France’s national financial prosecutor is looking into allegations that senior figures at ...
BNP Paribas: The five ways Bitcoin can shake up the financial services world
November 12th, 2014
Bitcoin could become a market-leading technology that will change the way financial systems are engineered says BNP Paribas, in an analysis of the potential disruptive impact of the crypto-currency on banking and asset servicing. In an article for the ...
BNP asks other banks for help as dollar clearing ban nears
October 7th, 2014
BNP Paribas has asked the help of at least three banks to clear certain energy transactions in U.S. dollars next year to make sure it can keep its energy trade finance division operating after a ban imposed for violating ...
BNP Paribas hires ex-U.S.Treasury official for compliance job
September 19th, 2014
BNP Paribas (BNPP.PA) has hired a former top official at the U.S. Treasury Department’s sanctions office, people familiar with the matter said, part of the French bank’s effort to build up its compliance department after its record settlement over ...
Senior BNP Paribas energy traders quit; bank denies downsizing
September 16th, 2014
Two senior BNP Paribas energy traders in New York have left, but the Paris-based bank said on Monday it was not downsizing its U.S. commodity and energy businesses. Keith Shoemaker, managing director of North American natural gas trading, and ...
New York Governor involved in BNP deal to get $1 billion more for NY state fund
July 31st, 2014
Only days before U.S. authorities reached a landmark $8.97 billion settlement with BNP Paribas over the bank’s dealings with countries subject to U.S. sanctions, New York Governor Andrew Cuomo intervened to ensure the state government got a much bigger ...
BNP pleads guilty for second time in $9 billion U.S. sanctions accord
July 10th, 2014
BNP Paribas, for the second time in nine days, pleaded guilty on Wednesday to conspiring to violate U.S. sanctions, as part of a nearly $9 billion settlement in which the French bank admitted to breaking embargoes against Sudan, Cuba ...
After BNP, U.S. targets on more banks
July 1st, 2014
BNP Paribas’ guilty plea and agreement to pay nearly $9 billion for violating U.S. sanctions is part of a larger U.S. Justice Department shift in strategy that is expected to snare more major banks and other firms across the ...
