Posts Tagged ‘BNP’
BNP Paribas rolls out donor-advised platform in Singapore for ultra-wealthy
BNP Paribas Bridge Foundation provides a structured framework for charitable giving as philanthropy hub ambitions grow [SINGAPORE] Private bank BNP Paribas Wealth Management launched a donor-advised fund platform in Singapore on Tuesday (Feb 10). It targets family offices and ultra-high-net-worth individuals, as philanthropy increasingly becomes a more formal part of wealth structuring and legacy planning…
Read MoreBNP Paribas vows more cost cuts after profit tops forecast
BNP reported net income of 2.97 billion euros (S$4.46 billion) for the three months ending in December Published Thu, Feb 5, 2026 · 05:18 PM [PARIS] BNP Paribas nudged up its 2028 profitability target on Thursday (Feb 5) and pledged more cost cuts, after reporting a better-than-expected fourth quarter profit despite a mediocre performance at…
Read MoreBNP Paribas seeks to cut about 1,200 roles on Axa IM integration
More recently, the CEO Jean-Laurent Bonnafe has been selling some stakes in various businesses Published Fri, Jan 23, 2026 · 07:13 AM [PARIS] BNP Paribas is seeking to eliminate about 1,200 positions as it completes the integration of the asset management unit Axa Investment Managers (IM). The number is a starting point around a voluntary…
Read MoreBNP starts buyback, boosts capital goal after share drop
[PARIS] BNP Paribas announced a new buyback and plans to reach a target for capital strength early as chief executive officer Jean-Laurent Bonnafe seeks to reverse a recent slide in the stock price. The French lender will start a 1.15 billion euros (S$1.7 billion) share buyback programme to return some of its profits this year…
Read MoreShares In French Bank BNP Paribas Plummet After US Verdict
Shares in France’s biggest bank, BNP Paribas, sank more than seven percent in trading on Monday, following a US court verdict late last week finding it liable for atrocities committed in Sudan. A New York jury on Friday found the bank helped prop up the regime of former Sudanese ruler Omar al-Bashir, opening the way…
Read MoreGoldman, BNP among banks exploring stablecoin-like digital money
A GROUP of international banks including Goldman Sachs, Deutsche Bank, Bank of America and Banco Santander, have joined forces to explore stablecoin-like digital money, marking the latest push by financial institutions to examine possible uses for blockchain in payments. The consortium, which also includes BNP Paribas, Citigroup, MUFG Bank, TD Bank and UBS, will investigate…
Read MoreBarclays, BNP pivot to September Fed rate cut on Powell’s labour warning
Published Mon, Aug 25, 2025 · 01:16 PM [BENGALURU] Barclays and BNP Paribas expect the US Federal Reserve to make a 25-basis-point interest rate cut in September, according to notes dated on Friday (Aug 22), citing chair Jerome Powell’s shift in tone at Jackson Hole towards rising risks in the labour market. Barclays pulled forward…
Read MoreBNP bets Hong Kong’s IPO boom will add to wealth momentum
[HONG KONG] BNP Paribas said Hong Kong’s boom in initial public offerings (IPOs) is adding further momentum to its Asia wealth business after a 20 per cent rise in revenue in the first half of the year, according to its regional head. Chinese companies are lining up in droves to list in Hong Kong this…
Read MoreBNP Paribas completes 5.1 billion-euro acquisition of AXA Investment Managers
The acquisition allows BNP to manage long-term savings for insurers and pension funds with around 850 billion euros in assets Published Tue, Jul 1, 2025 · 05:52 PM [LONDON] BNP Paribas said on Tuesday (Jul 1) it had completed the takeover of AXA Investment Managers, creating one of the five biggest asset managers in Europe,…
Read MoreBNP to cut 200 branches by end of 2026 to kick off retail revamp
[PARIS] BNP Paribas chief executive officer Jean-Laurent Bonnafe plans to cut hundreds of domestic retail branches in an effort to lift profitability at a business that has struggled for years. In a first step, the French lender plans to close around 80 branches this year and another 120 next, according to people familiar with the…
Read More