Jean-Laurent Bonnafe, CEO of BNP Paribas, tells CNBC that the corporate bank performance was hit by deleveraging.» Read More
Jean-Laurent Bonnafe, CEO of BNP Paribas, tells CNBC that the corporate bank performance was hit by deleveraging.
Royal Bank of Scotland is expected to report its first quarterly profit in 18 months on Friday, the fruit of efforts to focus on bread and butter lending.
Barclays steeply cut its oil price forecasts on Wednesday, becoming the last of the big banks active in commodities to abandon its bullish stance.
The chairman of CITIC Securities is busy remodeling China's biggest brokerage after Goldman by expanding into asset management, trading complex derivatives instruments and nurturing overseas deals.
The City of London's big banks are considering suing the EU over rules to cap bonuses after receiving legal advice that the pay regulation could be struck down in court. The Financial Times reports.
Jean-Laurent Bonnafé, CEO of BNP Paribas, tells CNBC that there is a very low growth scenario in Europe but they plan to diversify and get more out of the US and Asia Pacific.
Monte dei Paschi pumped up its bid for Antonveneta to trump a rival offer from France's BNP Paribas, paving the way for an eventual state bailout of the world's oldest bank.
Shares of Chinalco Mining Corp International, a unit of China's top aluminium group, Aluminum Corp of China (Chinalco), fell as much as 11.4 percent on their Hong Kong debut on Thursday, a week after pricing its $400 million initial public offering near the mid-point of an indicative range.
Baudoin Prot, chairman of BNP Paribas, shares his outlook for Europe's banking sector.
Oil futures rose on news that top world oil exporter Saudi Arabia had cut back production in response to flagging demand, and after China reported strong demand for its exports.
Block deals hit a record $57.3 billion this year as they become the mainstay of Asian investment banks, bringing relief to IPO-starved equity capital markets (ECM) bankers in the region.