• 15 Nov 2011 at 2:06 PM

Layoffs Watch ’11: BNP Paribas

Cuts going down circa now.

“FYI, layoffs in BNP Paribas FI, prime brokerage, equities. Nationwide.”

78 comments (hidden to protect delicate sensibilities)
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Comments (78)

  1. Posted by I'm a Dude | November 15, 2011 at 2:07 PM

    BNP is still around? who knew?

  2. Posted by sme | November 15, 2011 at 2:11 PM

    les incompetents…

  3. Posted by Horatio | November 15, 2011 at 2:14 PM

    I thought they made perfume.

    -MF Global Independent Contractor

  4. Posted by Beret | November 15, 2011 at 2:21 PM

    If by around you mean largest balance sheet in the world by assets, then yes.
    If by around you mean open for GBM business, then no.

  5. Posted by Mexi_Cant | November 15, 2011 at 2:26 PM

    Insider Trader!

  6. Posted by Mommy | November 15, 2011 at 2:30 PM

    If by assets you mean worthless Eurozone sovereign debt, then yes.

  7. Posted by Ignorantbastards | November 15, 2011 at 2:30 PM

    would having no guy at all managing the PIGS book better or worse than the current situation? you have 2hours to answer this question in a minimum of 500words and 5 graphs.

  8. Posted by J. Mora | November 15, 2011 at 2:33 PM


  9. Posted by contango | November 15, 2011 at 2:50 PM

    indian wells!

  10. Posted by jeff | November 15, 2011 at 3:07 PM

    I'll show you mine if you show me yours.

    -Jeff Eries

  11. Posted by Anonymous | November 15, 2011 at 3:07 PM

    FI, prime brokerage, equities. What about admin?


  12. Posted by Anonymous | November 15, 2011 at 3:14 PM

    Not worthless. Undervalued.


  13. Posted by Optimus Quant | November 15, 2011 at 3:15 PM

    You can't fire me, do you know what schools I went to?

  14. Posted by Jim | November 15, 2011 at 3:16 PM


  15. Posted by Ignorantbastards | November 15, 2011 at 3:18 PM

    HAHAHA perfect comment for BNP… or SocGen …

  16. Posted by Commuter | November 15, 2011 at 3:23 PM

    I hear that Metro North is hiring. Conductor Raju has a nice ring to it…

  17. Posted by Guest | November 15, 2011 at 3:29 PM

    Well, If I were a frenchie and had watched the cleanup of Zuccotti park in the morning, I would have probably made of today the day I would decide to shower, just in case.

  18. Posted by BNP Paribas Analylst | November 15, 2011 at 3:44 PM

    OK OK I surrender!

  19. Posted by Guest | November 15, 2011 at 3:57 PM

    How can BNP Paribas layoff Nationwide workers?
    -UBS Reading Specialist

  20. Posted by Guest | November 15, 2011 at 4:00 PM

    Say what now?

  21. Posted by Guest | November 15, 2011 at 4:07 PM

    what now

  22. Posted by napoleon | November 15, 2011 at 4:49 PM

    someone had to pay for waterloo

  23. Posted by Sheep Luver | November 15, 2011 at 5:03 PM

    Is it zee Germans?

  24. Posted by list keeper | November 15, 2011 at 5:09 PM

    names, I need names dammit…..

  25. Posted by SocGen Fixed Income | November 15, 2011 at 5:39 PM

    I am a bond-trader on the EUR bond desk. Should I be worried? No one returns my calls.
    SocGen (former?) bond trader

  26. Posted by J COR | November 15, 2011 at 5:51 PM

    I heard that.

  27. Posted by A Gar | November 15, 2011 at 9:18 PM

    So does B of A

  28. Posted by Guest | November 15, 2011 at 10:33 PM

    The Nouveau KI :

    1) Collect at least 57% of your comp for up to 2 years from the mother of all nanny states
    2) Move out of your crappy Paris apartment
    3) Mont Blanc in winter
    4) Nice in summer
    5) ???
    6) Profit


  29. Posted by Ruh-roh | November 16, 2011 at 6:04 AM

    They're closing the Houston commodities office completely.

  30. Posted by UBS MD | November 16, 2011 at 9:59 AM

    At least they don't suck as much as UBS!

  31. Posted by F1Mikal | November 16, 2011 at 11:49 AM

    You can't lay me off…
    Do you know how many names I have?
    MY family has been in banking since banking started!


  32. Posted by Sadly | November 16, 2011 at 12:20 PM

    They've been losing PB clients for a while now. Combine Euro-banks fears with mediocre management and voila, your Flan a Merde is ready, Monsieur!

  33. Posted by asian tiger | November 16, 2011 at 8:27 PM

    major cuts in bnpp hk office today and tomorrow

    thats what you get for giving usd loans below cof

    heard cs taiwan's entire sales & trading was disposed of 2 days ago

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