Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Benin feels the pinch of Nigeria's economic woes

Read more

BUSINESS DAILY

Deutsche Bank shares recover after turbulent week

Read more

MEDIAWATCH

Inside Aleppo: 'Feels like prison'

Read more

THE WORLD THIS WEEK

The Legacy of Shimon Peres, The Battle of Aleppo (Part 1)

Read more

THE WORLD THIS WEEK

Trump-Clinton Debate, Colombia Peace Deal, Death of the BlackBerry (Part 2)

Read more

FRANCE IN FOCUS

Backstage at Paris Fashion Week

Read more

FASHION

Paris Fashion Week: Saint Laurent, Lanvin, present new designers

Read more

#THE 51%

Online and proud: Iranian women use social media in a campaign for equality

Read more

#TECH 24

Say hello to Pepper!

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)