Baudouin Prot

3 results

France’s BNP Paribas chairman says the record $8.9bn fine imposed on the euro zone’s biggest bank by assets for US sanctions violations last year was a “wake-up call” . Photograph: Kosuke Okahara/Bloomberg

Banks can no longer afford a “too narrow, legalistic approach” to complying with rules because “the world has changed” and they need to clean up their(...)

BNP Paribas chief executive Jean-Laurent Bonnafé: had annual bonus cut by about a third to €1.2 million. Photograph: Gonzalo Fuentes/Reuters

BNP Paribas has slashed the bonuses for its top executives to reflect the impact of last year’s $8.9 billion (€7.8 billion) fine for US sanction viola(...)

French weekly Le Canard Enchaine reported that prosecutors are examining stock sales by senior BNP officials during 2013, a time when US authorities were looking into the bank’s dealings with banned countries

France’s national financial prosecutor opened a preliminary investigation into possible insider trading at BNP Paribas, the country’s biggest bank. Th(...)