You know things are bad when even the calvary gets scared. BNP Paribas is backing out of its potential merger with Societe Generale, the troubled French financial giant walloped by an errant trader who racked up $7 billion in losses earlier this year. In an announcement, BNP said, "Given...
You know things are bad when even the calvary gets scared. BNP Paribas is backing out of its potential merger with Societe Generale, the troubled French financial giant walloped by an errant trader who racked up $7 billion in losses earlier this year. In an announcement, BNP said, "Given...
NEW YORK -- BNP Paribas is pleased to announce the appointment of Carl Mason as Head of Equity Derivatives strategy for the Americas. Carl will oversee the Equity Derivatives Strategy team based in the US which is responsible for producing cutting edge derivatives trading ideas and analysis for BNP Paribas'...
WORLD MARKETS Stocks rose in trading domin-ated by merger activity, while a US mortgage rescue plan underpinned the broader equities market. Global stocks took heart from a US plan to rescue Fannie Mae and Freddie Mac. Banks were the top gainers, helped by Spanish bank Santander's deal...
HONG KONG & INDIA -- BNP Paribas Securities Asia today announces the successful execution of the first full Direct Market Access ("DMA") order on the National Stock Exchange of India through its local JV partner Geojit Financial Services. It is the first brokerage house to offer full Direct Market Access...
NEW YORK -- BNP Paribas is pleased to announce the appointments of Thomas Mahala and Jason Miller to its global hedge fund relationship management team HFRM. BNP Paribas now has over a dozen relationship management professionals located in New York, London and Hong Kong serving the interests of our global...
NORDIC BUSINESS REPORT-14 July 2008-Nordic Investment Bank issues USD250m loan to Brazilian operator OiC1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com The Nordic Investment Bank NIB said on Monday (14 July) that it has issued an A/B loan to the Brazilian telecomms operator Oi (Telemar Norte Leste S.A.). NIB's...
LUXEMBOURG -- Regulatory News: ArcelorMittal, under the new share buy-back program as announced on 12 December and on 18 December 2007 and the share buyback mandate as announced on 1 July 2008, advises that it has repurchased 4,691,129 shares from 7 July until 11 July 2008. ...
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/72189a/bnp_paribas_it_s) has announced the addition of the "BNP Paribas - IT Sales Opportunities - 2008" company profile to their offering. BNP Paribas is a France based bank group with operations throughout the world. It has three core businesses: Retail Banking, Asset Management...
LONDON AFP — World stock exchanges suffered sharp falls Tuesday on fresh fears for the banking sector, with the French market hitting a three-year low following big losses in Asia and the United States, dealers said. In morning trade in Paris, the CAC 40 index slid 2.73 percent...
NEW YORK -- Fitch Ratings assigns an 'AAA/F1+' rating to the $200,000,000 State of Louisiana general obligation variable rate demand refunding bonds series 2008-A. The rating is based on the direct-pay letter of credit LOC provided by BNP Paribas, San Francisco Branch, supporting the bonds and the application of Fitch's...
WORLD MARKETS Shares rose as banks gained after a surprise shift in eurozone rate expectations, and pharma-ceuticals benefited from a move into perceived safe-haven assets. The ECB delivered an expected quarter- point rise in euro-zone interest rates but its President, Jean- Claude Trichet, hinted at no more...
FRANKFURT AFP — The European Central bank raised eurozone lending rates Thursday to fight record inflation but ECB chief Jean-Claude Trichet signalled the bank had not embarked on a series of hikes. With the bank's main lending rate now at a seven-year high of 4.25 percent, Trichet told...
Pegasus renews its contract with Gemalto as part of NFC mobile payment AMSTERDAM, Netherlands -- Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today announces that five banks currently use its Allynis service offer as part of the "Payez Mobile" trial for contactless mobile payment: the...
LUXEMBOURG -- Regulatory News: Further to ArcelorMittal's 44 million share buy-back program, as announced on 12 December and on 18 December 2007 and pursuant to the Annual General Shareholders Meeting AGM of 13 May 2008 authorizing a share buyback program, ArcelorMittal announces that Frecolux, a Luxembourg subsidiary of...
PARIS AFP — Shares in BNP Paribas fell sharply on Monday on a report from British bank HSBC suggesting that it might need a capital increase to offset losses arising from a global credit crisis. Shares in BNP, a leading French retail and investment bank, were showing a...
SEATTLE -- Hungarian Telephone and Cable Corp. (AMEX:HTC) announced it has retained the investment banking firm of BNP Paribas Corporate Finance to assist it in evaluating strategic alternatives for the company. HTCC does not expect to publicly disclose additional information regarding the status of its review of strategic alternatives until...
NORDIC BUSINESS REPORT-30 June 2008-Danish telecomms group TDC's Hungarian subsidiary Hungarian Telephone and Cable Corporation evaluates "strategic alternatives"C1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com Danish telecomms group TDC A/S (OMX Copenhagen: TDC) said on Monday (30 June) that its 64.6%-owned subsidiary Hungarian Telephone and Cable Corporation (AMEX: HTC) has retained...
MOSCOW, June 30 /PRNewswire-FirstCall/ -- CTC Media, Inc. , Russia's leading independent media company, announced the signing of a US$135 million amortizable syndicated term loan facility arranged by ABN AMRO Bank N.V., BNP Paribas, ING Bank N.V., Raiffeisen Zentralbank Osterreich Aktiengesellschaft and ZAO Raiffeisenbank. The syndication was...
WORLD MARKETS European shares ended lower on renewed worries over the US economy but a late recovery in recently hammered banking shares helped the market close off the session's lows. The FTSEurofirst 300 index of top European shares ended 0.5 per cent lower at 1,216.99, its lowest...
Articles 2008-06-25
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