News 

The Changing Face Of Trust For Treasurer-Bank Relationships

“New research from BNP Paribas published Monday (June 4) similarly emphasized the importance of trust in the corporate-bank relationship” reports pymnts.com. A mix of factors – from bank scandals to industry competition – appear to be shifting consumers’ trust levels with banks.More than 60 percent of corporate treasurers surveyed said they are interested in using digital banking channels, up from about 50 percent in 2016.In its third edition, the Corporate Treasury Insights report, published by BNP Paribas and Boston Consulting Group, found in a survey of 700 corporate treasurers and…

Read More
News 

BNP Paribas to cut international retail banking posts in Paris

“Overall, BNP has 41,000 international retail banking employees in 15 countries” reports businessinsider.com. The logo of BNP Paribas is pictured during the Viva Tech start-up and technology summit in Paris, France Thomson Reuters PARIS (Reuters) – France’s BNP Paribas plans to cut 91 posts in Paris that deal with retail banking activities outside its key European markets, such as Poland, Turkey or on behalf of its U.S. subsidiary BancWest, the bank said on Thursday.According to the union, management said the move was due to the growing maturity and desire for…

Read More
Markets News 

BNP Paribas CEO rules out big deals when asked about Deutsche Bank

“France’s biggest bank now dwarfs Deutsche Bank in terms of market capitalization, at 77 billion euros ($90 billion) compared with the German bank’s 23 billion euro valuation” writes Midwest Communications Inc for 95kqds.com. Responding to a question from a BNP Paribas shareholder at its annual general meeting in Paris, Bonnafe said that the bank was always watching its competitors to learn “good” practices and ideas, but dismissed the idea of a big tie-up. Source: 95kqds.com Share This:

Read More
News 

HSBC, BNP Paribas Profits Down In Q1

“HSBC and BNP Paribas both recorded profit declines for the first quarter of 2018, according to reports on Friday (May 4)” reports pymnts.com. The bank pointed to a weaker dollar and other factors that have suppressed banking revenues.France’s BNP Paribas, meanwhile, also disappointed with a 17 percent drop in net profits, though reports in Reuters on Friday said this was expected.The Wall Street Journal said shares in U.K.-headquartered HSBC fell 2.8 percent on the London Stock Exchange after the bank revealed net profits were down year over year, from $3.13…

Read More
Markets News 

BNP Paribas shares fall on drop in profit

“BNP Paribas, France’s largest listed bank by assets, reported a 17% decrease in net profit to 1.57 billion euros ($1.88 billion)” writes Pietro Lombardi for marketwatch.com. Shares in BNP Paribas SA (BNP.FR) fell on Friday after the bank reported a decline in first-quarter revenue and earnings.”Results recorded an unfavorable exchange rate effect, as well as the impact of a lackluster market context compared to the first quarter of last year,” BNP Paribas said.Analysts expected the Paris-based lender to report net profit of EUR1.45 billion on revenue of EUR11.04 billion. Source: marketwatch.com…

Read More
Markets News 

French bank BNP Paribas announces a double-digit fall in net income

“This was down from 1.89 billion euros a year ago but was in line with analyst estimates of 1.55 billion euros, according to a Reuters poll” writes Gianluca Colla for cnbc.com. BNP Paribas reported a 17 percent fall in net income during the first quarter of the year, highlighting “lackluster” trading activity in Europe.Here are some of the highlights: The French bank announced profits of 1.57 billion euros ($1.88 billion) for the first quarter on Friday.However, he added, that the market “was a bit lackluster in the first quarter of…

Read More
News 

BNP Paribas’ quarterly profit falls on back of trading weakness in Europe

“FILE PHOTO: A BNP Paribas logo is seen at a bank in Paris Thomson Reuters PARIS (Reuters) – BNP Paribas , France’s biggest bank, reported a 17 percent decline in quarterly net profit, in line with expectations, weighed down by weakness in fixed income trading revenues in Europe” reports businessinsider.com. First-quarter net income fell to 1.57 billion euros ($1.9 billion), in line with analysts’ estimates of 1.55 billion euros, according to a Reuters poll of 5 analysts.Revenues fell 4.4 percent to 10.8 billion euros, compared to 11.04 billion expected by…

Read More
News 

BNP Paribas first-quarter profit falls on back of trading weakness in Europe

“First-quarter net income fell to 1.57 billion euros ($1.9 billion), in line with analysts’ estimates of 1.55 billion euros, according to a Reuters poll of 5 analysts” writes Midwest Communications Inc for 95kqds.com. Earlier on Friday, BNP Paribas’ rival Societe Generale had also reported a 13.4 percent fall in revenue at its investment bank.BNP Paribas is aiming to become more profitable while also saving money to invest heavily in digital infrastructure, on both investment banking and retail banking fronts.Revenues fell 4.4 percent to 10.8 billion euros, compared to 11.04 billion…

Read More
News 

BNP Paribas to buy Raiffeisen’s Polish core ops

“BNP Paribas SA (BNP.FR) has agreed to acquire the core banking operations of Raiffeisen Bank International AG’s (RBI.VI) Polish subsidiary for 775 million euros ($953 million), in order to strengthen its subsidiary Bank BGZ BNP Paribas SA. The core banking operations–which will be combined with BNP’s Polish business Bank BGZ BNP Paribas–include Raiffeisen Bank Polska SA’s business, minus its foreign-currency retail-mortgage loan portfolio and some other assets, BNP Paribas said Tuesday” writes Max Bernhard for marketwatch.com. Total assets of around EUR9.5 billion and total risk-weighted assets of around EUR5.0 billion…

Read More