Posts Tagged ‘BNP’
BNP looks past tariff slowdown fears after investment bank boost in Q1
FRANCE’S BNP Paribas reported first-quarter earnings in line with expectations thanks to rising sales at its investment bank, and stuck with its profit forecasts despite a deteriorating economic outlook prompted by a global trade war. The eurozone’s biggest bank by assets said on Thursday (Apr 24) group net income over the first three months of…
Read MoreBNP expands Australia presence by hiring banker for leverage finance market
BNP Paribas has hired a senior leveraged finance banker in Sydney as the French bank expands its presence in one of Asia Pacific’s busiest markets for the debt class. Peter Medynski has joined BNP in a newly-created role as director, loan capital markets, according to a spokesperson for the bank. He reports to Chris Ruffa,…
Read MoreBNP cuts 10% of China dealmaker jobs after 2022 expansion
BNP Paribas made its first round of layoffs in China investment banking since an expansion two years ago, cutting about 10 jobs amid a sluggish market for deals, sources familiar with the matter said. BNP let go seven Hong Kong-based staff across investment banking, corporate finance and equity capital markets last week, along with three…
Read MoreChina approves BNP Paribas, Prudential insurance ventures
CHINA has approved separate insurance units to be set up by BNP Paribas and Prudential Financial, a regulator said on Friday (Oct 18), as it looks to further open up the world’s second-largest insurance market to foreign companies. China’s National Financial Regulatory Administration (NFRA) has approved the creation of a joint venture between BNP and…
Read MoreBNP Paribas to buy German private banking unit from HSBC
HSBC has been exploring the sale of various businesses in Europe’s largest economy BNP Paribas has signed an agreement with HSBC Holdings to buy the UK-based lender’s private banking operations in Germany, according to a statement on Monday (Sep 23). Adding the unit will take assets under management in BNP Paribas’ local wealth management business…
Read MoreBNP Paribas to buy German private banking unit from HSBC
HSBC has been exploring the sale of various businesses in Europe’s largest economy BNP Paribas has signed an agreement with HSBC Holdings to buy the UK-based lender’s private banking operations in Germany, according to a statement on Monday (Sep 23). Adding the unit will take assets under management in BNP Paribas’ local wealth management business…
Read MoreBNP, UBS are said to show interest in HSBC’s German wealth unit
HSBC Holdings’s sale of its German wealth-management unit is attracting initial interest from peers including BNP Paribas and UBS Group, sources familiar with the matter said, as the London-listed lender looks to streamline its global footprint. Julius Baer Group is also among those studying the business, which could be valued at 300 million euros (S$438…
Read MoreFranklin Templeton hires former BNP executive as head of private banks and family offices
FRANKLIN Templeton has named Gaurav Bathija as its head of private banks and family offices, a newly created role based in Singapore which took effect on May 27. Bathija reports to Franklin Templeton’s head of wealth for Asia, Christian Bucaro. “Gaurav’s extensive industry experience and wide network of relationships, combined with Franklin Templeton’s diverse suite…
Read MoreBNP Paribas to cut space in Keppel Reit’s Singapore tower as high rents bite
BNP Paribas is set to give up space in a prime office tower in Singapore amid rising commercial rent in the financial hub, according to sources familiar with the matter. The French bank, which currently occupies six floors at Ocean Financial Centre, plans to not renew some of the space in the central business district…
Read MoreBNP Paribas cuts investment banking bonuses on weak trading
BNP Paribas has reduced bonuses across its investment banking division after a weak year for deals and trading. The French lender reduced total variable compensation in the unit by about 5 per cent, people familiar with the matter said. They didn’t say what the total amount will be. A spokesperson for BNP Paribas declined to…
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