French banking giant BNP Paribas announced on Thursday that its net profit plummeted 72% in the third quarter after it adjusted for expected losses of 60% on its Greek bonds following a eurozone deal last week for banks to take losses on Greek debt.
Robbers failed to reach a bank safety deposit room while tunnelling under Paris streets in the early hours of Sunday. The attempt was the third time this year that so-called "termite gangs" have tried tunnelling their way into banks.
French bank BNP Paribas forecast a drop in bad debt charges despite uncertainty clouding the global finance sector. Chief Executive Baudouin Prot (pictured) said he was upbeat as BNP posted a fourth quarter net profit of 1.365 billion euros.
French bank BNP Paribas announced on Tuesday that it will raise 4.3 billion euros of new capital in order repay 5.1 billion euros of state aid it received, earlier than expected. The French government should earn a significant return on its money.
France's top banks – including BNP Paribas, Société Générale and Dexia – are demanding billions of dollars from the administrator of Lehman Brothers over the Wall Street investment bank's September 2008 collapse.
After meeting on Monday with France's Economy Minister Christine Lagarde, French bankers are due to meet on Tuesday with President Nicolas Sarkozy (pictured), who is under pressure to take action on excessive bonuses.
Ahead of a meeting on Tuesday with President Nicolas Sarkozy, French bankers meeting with France's Economy Minister Christine Lagarde (pictured) on Monday agreed to make concessions on excessive bonus payments amid growing public anger.
In this edition: a week of violence in New Caledonia left 28 gendarmes injured; toxic algae dangers are back in the news after a horse and its rider died in Brittany; is it the end of cheap rents for civil servants?
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.
French bankers gathered at the PM's office Friday to discuss guidelines regarding bonuses, and President Sarkozy released a statement calling on banks to conform with G20 rules. Sarkozy will hold a conference on the key bonus issue later this month.
