Turkish lira, red alert for banks and stock exchanges

The Turkish financial market has been in crisis for weeks and today the lira is losing 20% ​​against the dollar - Political issues are intertwined with economic ones, aggravated by the tightening of US sanctions, and the country is suffering in the grip of the East…
Commerzbank: Merkel prefers Paribas to Unicredit

The German government prefers a merger between the Commerzbank investee and the French BNP Paribas, according to the German weekly WirtschaftsWoche, which cited financial sources. The discussions at the Ministry of Finance are at an early stage and, according to the newspaper, the…
Bnp Paribas acquires 100% Cargeas

BNP Paribas Cardif today announced the signing of an agreement with Ageas to acquire full ownership of Cargeas Assicurazioni (CARGEAS), one of the leading non-life bancassurance companies in Italy. Jointly held so far by BNP Paribas Cardif (50% –…
Bnp towards 5 billion fine in the US

According to Bloomberg, the French institute is being targeted by the federal authorities for the financial activity carried out with some countries – including Sudan and Iran – which appear on the American black list of states with which they should not entertain…
After the S&P downgrade, all eyes are once again on Greece

Prime Minister Papademos assures that negotiations with private creditors will resume from Wednesday, after the banks, dissatisfied with the offers received, have asked for a pause for reflection - Athens "will announce the terms of the exchange offer by 10 February…
Germany-Italy, it's not just a spread

THE INTERVENTION BY GIOVANNI AJASSA, head of the research department of Bnl-Bnp Paribas, in the first 2012 issue of Focus, the bank's weekly report. "Despite the spread on government bonds, the two countries are now much closer than they used to be…
Bnl, profits and loans on the rise

Good results for the Italian subsidiary of Bnp Paribas: gross profit increased by 18,4% compared to the third quarter of 2010 and loans grew by 5,7%. Deposits are down, and loans to businesses are growing and…
Bnp Paribas beats Deutsche Bank on governance

The French institute has announced the replacement of Michel Pébereau as president with Baudouin Prot from 2012 January XNUMX - At the top of the German group, however, they niche: for the succession to Josef Ackermann, Axel Weber and Anshu Jain are facing each other -…