BNP faces investigation of asset workout group



French banking giant BNP Paribas has fired two of its employees in its US asset workout business, which deals in distressed debt and the securities of bankrupt companies, according to a company spokesperson. Additionally, the Manhattan District Attorney’s office is investigating the accusations of improper activities in that unit.

In early April, BNP announced that the firm had fired managing director Edward Canale, the head of the asset workout group, and one of his subordinates—unnamed as of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here