BNP Paribas
Steinberg leaves BNP Paribas
Todd Steinberg, New York-based head of equity and commodity derivatives for the Americas at BNP Paribas, has resigned from the bank.
US and European firms in bid for LCH
A consortium of major US and European financial institutions is lining up a bid for London-based derivatives clearing house LCH.Clearnet. Deutsche Bank is acting as adviser on the acquisition, as well as being part of the bidding group.
Stark to head new institutional group at BNP
BNP Paribas has formed a new institutional relationship management group and appointed Talbot Stark to lead it.
Deutsche Bank expects €4.8 billion Q4 loss
Deutsche Bank announced on Wednesday it anticipates a €4.8 billion loss in the fourth quarter of 2008, which would mean a full-year loss of €3.9 billion.
Stabilisers for all
BNP Paribas has launched the Privalto Stabiliser, a six-year simple growth product linked to equity, commodity, currency and property. Capital protection is included as part of the package unless the early exit feature is exercised
Popular volatility indexes plunge
Record high levels of volatility in the equity market since September have caused huge losses on popular indexes that allowed investors to take short implied volatility positions.
European CDSs continue to climb
The cost of credit protection on European banks increased in early trading today, while market sentiment towards US financial institutions remained favourable.
BNP creates distressed finance group
BNP Paribas has established a new distressed finance group, to be led by Alain Dib. Dib, previously co-head of European high-yield capital markets, will remain in London.
BNP Paribas loses head of insurance and pensions
Mark Azzopardi, London-based head of insurance and pensions at BNP Paribas, has left the bank for a role with asset manager AllianceBernstein.
Best in Japan - BNP Paribas
Structured Products Asia Awards 2008
Bank monoline exposures creep up in second quarter
Second-quarter results yielded further markdowns at major dealers due to the increasing counterparty risk posed by monoline insurers.
BNP adds Zuberi to US structured credit desk
BNP Paribas has appointed Adnan Zuberi as a director on the structured credit desk in New York. He reports to Jerome Wong, the head of credit structuring for the Americas.
BNP Paribas Private Bank links to create Anglo-Dutch wealth manager
BNP Paribas Private Bank (BNP PPB) and Insinger de Beaufort Holdings have concluded a strategic partnership which will see BNP acquire, for €60 million, a 35% interest in Insinger de Beaufort Holding. In parallel, BNP PPB will combine Nachenius Tjeenk,…
BNP Paribas reshuffles investment bank
BNP Paribas has reorganised its commercial and investment banking arm to concentrate more attention on its valued major clients.
Losing lustre
Structured products
Derivatives Summit: Investors should heed lessons of crisis, summit told
Investors should heed the lessons of the credit crunch by changing the products they invest in, said senior BNP Paribas bankers speaking at Risk ’s 2008 Derivatives Summit in London.
BNP Paribas to purchase Bank of America prime brokerage arm
BNP Paribas is to acquire the equity prime brokerage business of Bank of America (BoA) for a reported $300 million, the two banks have announced. Subject to regulatory approval, the deal will be finalised in the second half of 2008.