BNP 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 Paribas nudged up its 2028 profitability target on Thursday (Feb 5) and…
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BNP
BNP 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 Paribas is seeking to eliminate about 1,200 positions as it completes the…
BNP starts buyback, boosts capital goal after share drop
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…
Goldman, 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…
Barclays, BNP pivot to September Fed rate cut on Powell’s labour warning
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…
BNP bets Hong Kong’s IPO boom will add to wealth momentum
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…
BNP 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 Paribas said on Tuesday (Jul 1) it had completed…
BNP to cut 200 branches by end of 2026 to kick off retail revamp
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…
China 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…