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BNP Paribas cushions profit fall with retail boost

French bank BNP Paribas has today reported a smaller-than-expected drop in second-quarter profit after a jump in fixed income trading revenue and a rebound at its retail bank cushioned the impact of a higher tax burden in the US.

Business • 24 Jul

France's BNP Paribas is the euro zone's biggest bank by assets

BNP Paribas looks past tariff slowdown fears

France's BNP Paribas has today 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.

Business • 24 Apr

BNP Paribas shares buoyed as investment bank shines

France's BNP Paribas has today reported a forecast-beating jump in fourth-quarter net income as its investment bankers rode a surge in trading activity.

Business • 04 Feb

France's BNP Paribas is the euro zone's largest lender

BNP Paribas meets profit forecast due to investment bank

BNP Paribas said today that increased trading activity at its investment banking division helped it meet profit forecasts in the third quarter, after its consumer finance and car-leasing businesses disappointed.

Business • 31 Oct 24

BNP Paribas is in exclusive talks to buy 100% of AXA Investment Managers arm at an agreed price of €5.1 billion

BNP Paribas in talks to buy AXA Investment Managers

BNP Paribas is in exclusive talks with French insurer AXA to buy 100% of its AXA Investment Managers arm at an agreed price of €5.1 billion, the euro zone's biggest bank has said.

Business • 02 Aug 24

France's BNP Paribas is the euro zone's biggest bank by market value

BNP Paribas beats estimates as trading revenues jump

France's BNP Paribas has today posted better-than-expected quarterly earnings after investment banking revenue jumped due to a surge in equities trading, offsetting a sharp drop in net interest income at its French retail business.

Business • 24 Jul 24

BNP Paribas says lower costs offset slump in trading

BNP Paribas has today beaten first quarter profit forecasts as lower expenses and a decent performance in global banking helped offset a steep fall in its fixed income trading.

Business • 25 Apr 24

BNP Paribas's $16.3 billion sale of its US retail activities has left it with funds for acquisitions

BNP Paribas to become top investor in insurer Ageas

BNP Paribas, the euro zone's biggest bank, has agreed to buy a 9% stake in the Belgian insurer Ageas from China's Fosun Group for about €730m, a deal that will make BNPP Ageas' biggest shareholder.

Business • 15 Apr 24

Cost inflation also quickened a the fastest rate since August

House construction growth could stall in 2024 - BNPPRE

Construction activity continued to contract in February, but at a slower pace than a month earlier, new data shows.

Business • 11 Mar 24

Input costs rose strongly in the construction sector last month

Contraction in construction at lowest level since October

Construction activity contracted for the seventh consecutive month in January, but by the smallest amount since October.

Business • 12 Feb 24

France's BNP Paribas is the euro zone's biggest bank

BNP Paribas posts in-line Q3 profits as trading slows

BNP Paribas, the euro zone's biggest bank, has today posted in-line quarterly results, as a jump in corporate financing services offset a continued retreat in trading revenue.

Business • 26 Oct 23

BNP Paribas employs more 4,500 people in Britain, with London regarded as its 'second headquarters' after Paris

BNP Paribas to track UK staff to enforce attendance

BNP Paribas has told London-based staff it will track their entry-gate swipes against logins to the bank's computer network to ensure employees meet targets for working from the office.

Business • 29 Sep 23

BNP's quarterly profit more than doubled in the first quarter from a year ago

BNP Paribas Q1 revenue beats as trading outperforms

BNP Paribas's first-quarter sales beat market expectations as trading business at the euro zone's biggest bank outperformed most of its peers, while it started to reap the benefits from rising interest rates.

Business • 03 May 23

BNP said it regretted the advocacy groups chose litigation over dialogue and that it could not stop all fossil-fuel financing right away

BNP Paribas sued in France over fossil-fuel financing

Three climate-minded organisations are set to sue BNP Paribas, the euro zone's biggest bank, on grounds its loans to oil and gas majors breach a legally binding duty to ensure its activities do not harm the environment.

Business • 23 Feb 23

BNP Paribas has raised its 2025 targets and announced a €5 billion share buyback programme in 2023

BNP Paribas misses Q4 market expectations

BNP Paribas, the euro zone's biggest lender, posted a lower-than-expected net profit in the fourth quarter, as a jump of its cost of risk and higher operating expenses offset a boom in its trading sales.

Business • 07 Feb 23

The French bank recently reached out for a meeting with the Dutch government and discussed its interest in a transaction, reports say

BNP Paribas approached Dutch ministry over ABN buy

French lender BNP Paribas signalled to the Dutch government an interest in taking over state-owned bank ABN Amro, a deal that the ministry is not pursuing for now.

Business • 17 Jun 22

Rising costs has led some firms to postpone building projects, which has in turn weakened sentiment among building firms

Growth in construction sector slowed again in May

Activity in the construction sector continued to increase in May but at its slowest pace in more than a year, according to the latest Construction Purchasing Managers' Index from BNP Paribas Real Estate Ireland.

Business • 13 Jun 22

BNP Paribas today confirmed all its financial targets set for 2025

France's BNP Paribas posts 19% rise in quarterly profit

French bank BNP Paribas has today posted a 19.2% rise in net income in the first quarter, helped by a sharp increase in trading activities.

Business • 03 May 22

The move will see more than 400 of the BNP's staff housed in one building having previously been located in three locations around Dublin

BNP Paribas moves workers to new office in Dublin

European bank BNP Paribas it is moving all of its corporate and institutional banking staff in Ireland to a new flagship office in Sandyford in Dublin.

Business • 28 Apr 22

BNP Paribas posted a 44.9% rise in net income from a year ago to €2.31 billion

France's BNP beats profit estimates for fourth quarter

French lender BNP Paribas has today posted fourth-quarter net income that beat analysts' estimates on lower pandemic-related provisions.

Business • 08 Feb 22

BNP Paribas has been struggling to keep up with larger rivals in the US retail banking market

BNP Paribas to sell Bank of the West to Canada's BMO

BNP Paribas, France's biggest bank by market capitalisation, said it had agreed to sell its US unit Bank of the West to Canada's BMO Financial Group for around $16.3 billion.

Business • 20 Dec 21

JP Morgan Chase has become the world's most systemically important bank once again, the latest rankings from the Financial Stability Board show

JP Morgan is now world's most systemic bank

JPMorgan Chase has once again been named the world's most important bank to the health of the wider financial system, according to the latest annual ranking of top lenders by global regulators.

Business • 23 Nov 21

BNP Paribas, the euro zone's biggest listed lender, said net profit rose 37.9% to €1.77 billion from a year earlier

BNP Paribas beats quarterly expectations

France's BNP Paribas has today reported a better than expected first quarter profit, helped by lower provisions for pandemic-related bad loans and a rebound in its equity trading business that the bank aims to expand.

Business • 30 Apr 21

BNP Paribas is the euro zone's biggest listed lender

Loan charges hit BNP Paribas profits amid Covid crisis

Charges linked to the Covid-19 pandemic ate into BNP Paribas' net profit in the fourth quarter as the French lender set aside more provisions for loans that could turn sour.

Business • 05 Feb 21

BNP Paribas has reported third quarter net income of €1.89 billion, down 2.3% from the same time a year ago

BNP Paribas' profit drops less than feared in Q3

France's biggest bank BNP Paribas has today reported third-quarter net income fell less than expected, as trading revenue rose.

Business • 03 Nov 20