Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Michelle Obama was not blurred out on Saudi TV

Read more

EYE ON AFRICA

Mali: Twelve people die in suicide attack against MNLA

Read more

EYE ON AFRICA

Libya violence: At least four foreigners among those killed in hotel attack

Read more

DEBATE

New Escalation: Cross-Border Shelling Between Israel, Lebanon (part 2)

Read more

DEBATE

New Escalation: Cross-Border Shelling Between Israel, Lebanon (part 1)

Read more

THE OBSERVERS

A Lebanese prison 'run by Islamists', and children tear-gassed in Kenya

Read more

FOCUS

Pegida, the movement dividing Germany

Read more

ENCORE!

Film Show: 'The Imitation Game', 'Phoenix' and the French Oscars

Read more

#TECH 24

'The Imitation Game': A Tribute to Alan Turing, the Father of Computers

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)