News | Latest Breaking News Stories & Headlines

BNP Paribas confirmed its guidance for 2020 net income to decline by between 15 and 20%

BNP Paribas beats profit forecasts on investment bank

The euro zone's biggest bank, BNP Paribas, today exceeded second quarter profit expectations, boosted by a surge in fixed income trading and strong demand for corporate finance.

Business • 31 Jul 20

BNP's results underperformed those of European rivals such as Barclays and UBS which both had a bumper quarter for trading

BNP Paribas profit falls 33% on expected loan losses

Profit at BNP Paribas fell by 33.1% in the first-quarter as the coronavirus crisis hit equity trading and prompted the euro zone's biggest bank to set aside more than half a billion euros in loan provisions.

Business • 05 May 20

BNP Paribas said its net income for the third quarter was €1.94 billion, down from €2.12 billion a year earlier

BNP Paribas quarterly profit falls less than expected

French bank BNP Paribas has today reported an 8.8% fall in quarterly profit, a smaller decline than analysts had expected.

Business • 31 Oct 19

BNP Paribas has lowered its revenue growth target to 1.5% per year between 2016 and 2020, from 2.5% previously

BNP Paribas lowers targets after weak fourth quarter

France's largest listed bank BNP Paribas has today cut its profit and revenue growth targets for 2020, after weak financial markets hit revenues in the last quarter of 2018.

Business • 06 Feb 19

BNP Paribas said its net profit fell to €1.43 billion in the fourth quarter from €1.44 billion a year earlier

BNP Paribas Q4 profits dip but bank ups 2020 targets

BNP Paribas has slightly increased its 2020 profitability target on the back of a strengthening European economy.

Business • 06 Feb 18

BNP said the misconduct occurred between 2007 and 2013 the company has taken steps to strengthen oversight

US fines BNP Paribas $246m over forex oversight

US regulators have fined French banking giant BNP Paribas $246m (€213m) for poor oversight of its foreign exchange traders who manipulated trading prices.

Business • 18 Jul 17

France's biggest bank said it net income rose to £1.89 billion in the first quarter from £1.81 billion a year earlier

BNP Paribas' Q1 profit rise powered by trading rebound

BNP Paribas has reported a 4.4% rise in quarterly profit, as a surge in fixed income and equities trading helped offset weaker retail banking in France and Italy where revenue fell.

Business • 03 May 17

BNP Paribas has been rebounding from a costly 2014 US legal settlement

BNP Paribas raises its profitability target

BNP Paribas has set out plans today to deliver an increased dividend payout and an improved return on equity by 2020.

Business • 07 Feb 17

The bonds were sold in 2013 to finance Mozambican state-owned fishing company EMATUM's plans to develop tuna fishing

SEC probes banks that sold 'tuna bond' - report

The US Securities and Exchange Commission is investigating the sale of $850m in bonds issued by Mozambique by Credit Suisse, Russia's VTB Group and BNP Paribas.

Business • 29 Dec 16

BNP Paribas has embarked on saving costs in all regions in its corporate and institutional banking business

Bond trading lifts BNP Paribas to exceed forecast

BNP Paribas stole a march on its French rivals in the third quarter, with a bond trading boom playing to its strengths and helping it offset the impact of low interest rates on retail banking to beat profit forecasts.

Business • 28 Oct 16

BNP Paribas' net income of €1.814 billion beat average estimates

Economic recovery helps BNP Paribas buck trend

First quarter net income at BNP Paribas rose 10.1% as lower provisions for bad loans on the back of a gradual economic recovery in Europe helped offset a slump in its corporate and institutional bank, hit by volatility.

Business • 03 May 16

BNP Paribas has reported slightly better than expected fourth quarter revenue growth

BNP Paribas to cut investment banking costs by 12%

BNP Paribas today presented plans to cut investment banking costs by 12% by 2019 in a bid to bolster profitability and said it would quit some activities to fuel growth.

Business • 05 Feb 16

French banks get a boost from its investment banking divisions

Investment banking boosting French banks

Société Générale and Crédit Agricole joined bigger French rival BNP Paribas today in posting stronger first quarter earnings on firm revenues from investment banking.

Business • 06 May 15

France's biggest bank reported net income of €1.648 billion for the first quarter

BNP Paribas Q1 profit up 17.5% as loan demand up

BNP Paribas today posted better than expected 17.5% growth in first-quarter net income as the French bank saw a long-awaited revival in euro zone loan demand.

Business • 30 Apr 15

BNP Paribas says it has ample funding to back huge fine imposed by US authorities

BNP Paribas has 'ample' funding to pay US fine

BNP Paribas has ample funding to back the fine and penalties it must pay under settlements with US authorities over violated US sanctions.

Business • 01 Jul 14

BNP Paribas is alleged to have facilitated transfers that violated some US sanctions

BNP Paribas to pay $8.8bn fine over US sanctions

The US Justice Department is expected to announce a settlement with BNP Paribas involving a record fine of nearly $9bn (€6.6bn) over alleged US sanctions violations by France's biggest bank, sources familiar with the matter said.

Business • 30 Jun 14

BNP Paribas set to pay a nearly $9 billion as part of a larger settlement with US authorities

BNP facing year ban on processing dollar payments

BNP Paribas is likely to be suspended from converting foreign currencies to dollars on behalf of clients in some businesses for as long as a year, according to sources

Business • 26 Jun 14

US authorities are probing whether BNP Paribas evaded US sanctions relating mainly to Sudan between 2002 and 2009

BNP nears $9 billion settlement with US

French bank BNP Paribas is likely to pay $8 billion to $9 billion as part of a potential settlement with US authorities over violations of sanctions, according to a source.

Business • 23 Jun 14

A proposal by BNP which would have seen it pay less than $10 billion had been turned down - sources

US authorities and BNP fail to agree on fine

Latest talks between US authorities and BNP Paribas on the level of fine it could pay for breaching US sanctions have failed to produce an agreement, sources say.

Business • 19 Jun 14

Retail clients of BNP Paribas are keeping faith in it despite threat of huge fine

Clients keeping faith with BNP Paribas

Retail clients of BNP Paribas are keeping faith in France's biggest listed bank despite reports about a looming multi-billion fine from US regulators

Business • 10 Jun 14

US had threatened BNP Paribas with fine of $16 billion - sources

US had threatened $16 billion BNP fine - sources

US authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested the bank pay a penalty as high as $16 billion.

Business • 06 Jun 14

The US alleges that BNP Paribas violated US sanctions

France to defend BNP Paribas over US fine threat

France's foreign minister has said his country would defend the interests of bank BNP Paribas after sources said it faced the prospect of a $10bn-plus fine from the United States, saying such a penalty was "unreasonable."

Business • 03 Jun 14

BNP Paribas has aside just €2.7 billion ($3.68 billion) for litigation-related costs

US seeks $10 billion penalty from BNP - report

The US Justice Department is pushing BNP Paribas to pay more than $10 billion to resolve a criminal probe,

Business • 30 May 14

Royal Bank of Scotland said to be in talks with BNP Paribas for sale of unit

RBS in talks to sell equity derivatives unit

Royal Bank of Scotland has said it was in talks to sell its retail investor products and equity derivatives business, as it slims down its investment bank.

Business • 18 Nov 13

BNP Paribas's third-quarter net income rose 2.4%, but revenues dipped

BNP Paribas cost cuts help offset revenue drop

BNP Paribas said its third-quarter net income rose 2.4% as it fought fading growth and a lacklustre economic environment in its core European markets with cost cuts.

Business • 31 Oct 13