BNP Paribas

The former chief counsel of the U.S. Treasury Office of Foreign Control Assets is leaving his lucrative white-shoe law-firm job for the (presumably even more lucrative) job leading BNP’s shiny new U.S.-based compliance operation. Read more »

An ex-Pimco guy is doing croque monsieurs. A BNP risk manager is about to leave for crepes. What will you contribute? If Boeuf Bourguignon is out of your comfort zone, tear up some pieces of a baguette and smear some chocolate on them and call it a day. Read more »

  • 02 Jul 2014 at 2:42 PM
  • Banks

U.S. Maybe Kinda Taking It Out A Little Hard On Foreigners

The French government may have been onto something when whining that the U.S. was being très unfair to BNP Paribas. Read more »

  • 01 Jul 2014 at 12:59 PM

Some World Cup Games More Important Than Others

US-based BNP Paribas employees learned that the hard way. Read more »

  • 01 Jul 2014 at 11:45 AM
  • Banks

BNP Paribas: A Great And Very French Victory

France’s Finance Minister is celebrating bank and country’s come-from-behind win against wicked American prosecutors, in which BNP has to part with less than $9 billion and gets to stick around, and the stupid trans-Atlantic barbarians have to settle for just $8.9 billion and an admission that doing business with the Iranians is not acceptable. Read more »

  • 25 Jun 2014 at 11:56 AM
  • Banks

BNP Paribas To Keep An Eye On Its U.S. Operations From U.S.

That and about $9 billion should get the Treasury Department off its back. Read more »

France’s finance minister said on Sunday that talks between BNP Paribas (BNPP.PA) and U.S. authorities over a potential fine for the bank for breaching U.S. sanctions had progressed towards a “more equitable” level. U.S. authorities – five of them in all, including the New York financial regulator – are investigating whether BNP evaded U.S. sanctions against Iran and other countries between 2002 and 2009…”What is being criticized by the U.S. authorities is the violation of a strictly American law. The same acts committed in France in euros would not have been reprehensible,” [Michel] Sapin said. “That said, it is the American law, it should have been respected.” [Reuters, related]

BNP’s Teheran office can stay open for a little longer. Read more »