Don't miss

Replay


LATEST SHOWS

ENCORE!

Making a splash: We dive into David Hockney’s body of work

Read more

THE INTERVIEW

Fighting terrorism: What can the UN do?

Read more

FRENCH CONNECTIONS

Is French health care the best in the world?

Read more

FOCUS

Iraqi snipers battle the IS group in Mosul

Read more

IN THE PAPERS

Party polizei: German cops expelled for pre-G20 summit debauchery

Read more

IN THE PAPERS

Power play? Emmanuel Macron one-ups his prime minister

Read more

EYE ON AFRICA

South African court bars schools from promoting one religion over another

Read more

THE DEBATE

Wannacry more: How vulnerable are we to cyberattacks?

Read more

MEDIAWATCH

Time to remove fake Trump 'Time' covers from display!

Read more

Business

Central bank says BNP Paribas bonuses in line with G20 rules

Video by FRANCE 2 , Rachel MARUSAK

Text by NEWS WIRES

Latest update : 2009-08-07

French bank BNP Paribas' controversial billion euro bonus package complies with the new G20 regulations to limit traders' perks, the head of the French central bank said Friday.

AFP - French bank BNP Paribas' controversial billion euro (1.4 billion dollar) bonus package is in line with new G20 rules to limit traders' perks, the central bank chief said Friday.
   
The bank's huge hand-out to its staff, which comes just months after it received a 5.1 billion euro loan from French taxpayers to see it through the credit crunch, has raised a political storm in France.
   
But Banque de France governor Christian Noyer, speaking after a meeting between senior government officials and banking executives, said BNP's plan does not breach new rules agreed in April by G20 leaders to reform banker's incentives.

Date created : 2009-08-07

COMMENT(S)