Latest news with #BNPParibas'
Bloomberg
15-05-2025
- Business
- Bloomberg
BNP Paribas Exane Provides Institutional Clients With Direct Access to Their Equity Research Insights on the Bloomberg Terminal
Announcements Share Global bank's research models are available for entitled clients, and contribute exclusively to consensus on Bloomberg Streamlines integration of BNP Paribas' leading equity analysis across research, financing, execution, and derivatives for investors BNP Paribas, leader in banking and financial services in Europe, and Bloomberg today announced equity research models from BNP Paribas Exane are now available to their clients on the Bloomberg Terminal. In addition, BNP Paribas' deep equity estimates will contribute exclusively to consensus on Bloomberg. Clients including buy-side investors will have direct access to BNP Paribas' equity research with streamlined integration into their research workflows on the Bloomberg Terminal. By making its leading equity research content available alongside world-class analytical tools on the Bloomberg Terminal, BNP Paribas Exane is enhancing its capacity to empower buy-side clients to make more efficient and informed investment decisions. For the eighth consecutive year, BNP Paribas Exane was named the #1 industry research provider in Developed Europe by Extel (formerly Institutional Investor) in 2024. The research franchise has also been expanding rapidly in both the Americas and APAC. BNP Paribas Exane's best-in-class research models cover over 1,000 stocks globally and have expanded over the last year to cover over 300 U.S. stocks focused on the Technology, Media, and Telecommunications (TMT), Consumer, Healthcare and Industrials sectors. Theepan Jothilingam, Head of EMEA Equity Research at BNP Paribas, said: 'We are thrilled to partner with Bloomberg and bring our top-tier equity research to our clients through the Bloomberg Terminal. Our equity research team provides deep, fundamental, bottom-up research and analysis. Direct access to our models and research offers comprehensive and actionable insights to our clients. This integration enhances our ability to empower investors to make informed decisions and aligns with our global growth ambitions.' BNP Paribas Exane's research models are available to download and help form estimate consensus on the Bloomberg Terminal. The Company Financials {MODL} solution enables buy-side analysts and portfolio managers to absorb key company metrics within minutes of earnings announcements and differentiate their investment research process with a quick and easy comparison of company-reported actuals to forward-looking estimates. Andrew Skala, Global Head of Companies and Research Product at Bloomberg, said: 'In today's increasingly complex market environment, investment firms need seamless access to high-quality insights to streamline their research workflow and make faster and more informed decisions. The collaboration between Bloomberg's research solutions and BNP Paribas Exane will offer a deeper and more optimal integration of BNP Paribas Exane's market views in the investment process of their buy-side clients who are always exploring new ways to generate alpha.' Brokers looking to get their data in front of their buy-side customers and potential partners on the Bloomberg Terminal can contact researchsupp@ for more information. About BNP Paribas Exane Exane was founded in 1990 with a robust business model built around three complementary business lines: Cash Equities (BNP Paribas Exane); Structured Solutions (Exane Solutions); and Asset Management (Exane Asset Management). The group expanded internationally in order to be as close to clients as possible, with Paris and London as its main offices. Over 800 employees are now spread across nine sites worldwide: Paris, London, Frankfurt, Geneva, Madrid, Milan, Stockholm, New York and San Francisco. After a successful 17-year partnership with BNP Paribas, Exane became a subsidiary of BNP Paribas in July 2021. About BNP Paribas Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group's commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability. About Bloomberg Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit or request a demo. Media Contacts Hannah Logan, hlogan5@ +1-212-617-9742 Robert Madden, rmadden29@ +1-646-803-0794 Read more
Yahoo
08-03-2025
- Business
- Yahoo
BNP Paribas expands defence sector financing amid growing European security concerns
BNP Paribas has reaffirmed its commitment to financing the defence sector, with a particular focus on NATO countries, as geopolitical tensions drive increased European military investment. The French banking group, a key European player in asset finance and leasing, deployed €24 billion by the end of 2024 to support corporate groups and small and medium-sized enterprises (SMEs), of which €12 billion was allocated directly to the defence sector. The bank's financing covers a range of services, including credit, guarantees, bond issuances, export finance, asset management, and direct equity investments. BNP Paribas' defence sector clients are primarily industrial firms within NATO countries, with 70% based in Europe — including 40% in France — and 25% in North America. BNP Paribas has played a significant role in securing funding for defence companies as a player in capital markets. Over the past three years, it has participated in bond issuances worth €55 billion, with €33 billion issued in 2024 alone. Additionally, the bank contributed €2.2 billion to primary equity issuances for defence firms between 2023 and 2024. BNP Paribas also manages €2.5 billion in defence sector assets, including: €200 million in equity investments in 46 French SMEs via BNP Paribas Développement €1.7 billion in third-party investments through BNP Paribas Asset Management funds €500 million through BNP Paribas Cardif The bank's expanded support comes amid mounting political pressure to increase defence financing across Europe. In the UK, a group of more than 100 Labour MPs and peers has called for banks, investors, and pension funds to classify weapons manufacturers as 'ethical' investments to ensure greater financial backing for the industry. In an open letter signed by 96 MPs and six peers, the group urged financial institutions to 'sweep away ill-considered anti-defence rules which are acting as a barrier to doing what is right.' The intervention highlights growing opposition to environmental, social, and governance (ESG) policies that restrict investment in arms manufacturers. The UK initiative aligns with wider European concerns following the US decision to freeze military aid to Ukraine, which has placed additional pressure on European nations to increase defence spending. French Finance Minister Eric Lombard has signalled new budgetary measures to bolster France's military capabilities, warning that Europe must 'go faster and harder' to strengthen its self-sufficiency in defence production. With European governments reassessing their long-term defence policies, financial institutions face increasing scrutiny over their approach to the sector. France, like other European nations, significantly reduced its military spending after the Cold War. While the country surpassed NATO's 2% GDP target for defence expenditure last year, it remains below historical levels. The shifting political and security landscape suggests that banks and asset managers will play an expanding role in financing defence firms. BNP Paribas' latest commitments position it as a key financial partner in supporting the industry's growth and modernisation as European policymakers push for greater investment in military capabilities. "BNP Paribas expands defence sector financing amid growing European security concerns" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
05-03-2025
- Business
- Yahoo
City lawyer who called colleague ‘Jabba the Hutt' ordered to pay £30,000
A City lawyer has been told to pay £31,000 to the solicitors' watchdog after admitting giving his colleagues 'rude' nicknames including 'Pol Pot' and 'Jabba the Hutt'. Benedict Foster, a former senior solicitor in BNP Paribas' London offices, was charged £15,000 by the Solicitors Regulation Authority and told to pay an extra £16,000 in costs after admitting to using 'inappropriate' language in the workplace. In submissions to the Solicitors Disciplinary Tribunal (SDT), the City lawyer admitted using an array of 'offensive' monikers to describe his work colleagues at the French bank, including 'Mad Paul' and 'the Twittering Fool', while working as head of legal in its debt and equity capital markets division between December 2020 and September 2021. Mr Foster also admitted using the nickname 'Hu She' to refer to an East Asian colleague and using the moniker 'Biriyani' to refer to an Indian coworker in submissions to the SDT. The City lawyer's nicknames for his coworkers were first discovered through an internal probe that was launched by BNP Paribas in 2021, after a complaint was lodged against him by a colleague during an exit interview. BNP Paribas later reported the findings of its investigation to the Solicitors Regulation Authority in March 2022. The French bank 'negotiated an exit' with Mr Foster the same month. The submissions showed Mr Foster used an array of 'derogatory monikers' for colleagues in BNP Paribas' London headquarters, both on emails and video calls, over the course of almost a year. In his submissions to the SDT, Mr Foster admitted calling his colleagues various 'unprofessional' names, almost entirely without their knowledge. Mr Foster also acknowledged the monikers would likely cause offence to his co-workers, if they were to find out about the nicknames, even if they were to share his sense of humour. In seeking to defend himself, Mr Foster said his use of the nickname 'Hu She' was intended to be a reference to the 'Who He? Joke in Private Eye magazine, even while agreeing the moniker could be interpreted as 'mocking or ridiculing a traditional Chinese name'. Mr Foster also denied that the moniker 'Mad Paul' had worked to undermine his co-worker's credentials as a solicitor. He instead stated his repeated use of the 'offensive' name was a reference to his colleague's 'slightly cavalier approach to timekeeping, attendance at the office and his interpersonal skill'. The SDT ruled Mr Foster had failed to uphold the standards expected of solicitors, failed to act with integrity, and failed to act in a way that 'encourages diversity, equity and inclusion' by using the offensive names for his colleagues. BNP Paribas and Mr Foster were contacted for comment. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Telegraph
05-03-2025
- Business
- Telegraph
City lawyer who called colleague ‘Jabba the Hutt' ordered to pay £30,000
A City lawyer has been told to pay £31,000 to the solicitors' watchdog after admitting giving his colleagues 'rude' nicknames including 'Pol Pot' and 'Jabba the Hutt'. Benedict Foster, a former senior solicitor in BNP Paribas' London offices, was charged £15,000 by the Solicitors Regulation Authority and told to pay an extra £16,000 in costs after admitting to using 'inappropriate' language in the workplace. In submissions to the Solicitors Disciplinary Tribunal (SDT), the City lawyer admitted using an array of 'offensive' monikers to describe his work colleagues at the French bank, including 'Mad Paul' and 'the Twittering Fool', while working as head of legal in its debt and equity capital markets division between December 2020 and September 2021. Mr Foster also admitted using the nickname 'Hu She' to refer to an East Asian colleague and using the moniker 'Biriyani' to refer to an Indian coworker in submissions to the SDT. The City lawyer's nicknames for his coworkers were first discovered through an internal probe that was launched by BNP Paribas in 2021, after a complaint was lodged against him by a colleague during an exit interview. BNP Paribas later reported the findings of its investigation to the Solicitors Regulation Authority in March 2022. The French bank 'negotiated an exit' with Mr Foster the same month. The submissions showed Mr Foster used an array of 'derogatory monikers' for colleagues in BNP Paribas' London headquarters, both on emails and video calls, over the course of almost a year. In his submissions to the SDT, Mr Foster admitted calling his colleagues various 'unprofessional' names, almost entirely without their knowledge. Mr Foster also acknowledged the monikers would likely cause offence to his co-workers, if they were to find out about the nicknames, even if they were to share his sense of humour. In seeking to defend himself, Mr Foster said his use of the nickname 'Hu She' was intended to be a reference to the 'Who He? Joke in Private Eye magazine, even while agreeing the moniker could be interpreted as 'mocking or ridiculing a traditional Chinese name'. Mr Foster also denied that the moniker 'Mad Paul' had worked to undermine his co-worker's credentials as a solicitor. He instead stated his repeated use of the 'offensive' name was a reference to his colleague's 'slightly cavalier approach to timekeeping, attendance at the office and his interpersonal skill'. The SDT ruled Mr Foster had failed to uphold the standards expected of solicitors, failed to act with integrity, and failed to act in a way that 'encourages diversity, equity and inclusion' by using the offensive names for his colleagues.
Reuters
12-02-2025
- Business
- Reuters
Global marine fuel sales jump in 2024 on Red Sea diversions
LONDON, Feb 12 (Reuters) - Global marine fuel sales jumped in 2024 after attacks by Yemen's Houthis starting in late 2023 prompted most shipping companies to divert vessels around southern Africa rather than through the Red Sea, according to data and analysts. Singapore bunker volumes logged fresh highs of 54.92 million metric tons in 2024, or about 955,000 barrels per day (bpd), while sales at United Arab Emirates' Fujairah posted the first annual uptick after a downtrend for several years. Rotterdam marine fuel sales, also called bunker fuel, rose 12% in the first quarter of 2024 to 2.16 million tons, or about 38,000 bpd from the previous three months, according to Rotterdam port authority data, and held above that level for the rest of 2024. "Diversions have indeed increased tonne mileage due to longer routes which has boosted demand for fuels in ships," said Aldo Spanjer of BNP Paribas. In January, the Houthis announced they would only attack Israeli-linked ships following the ceasefire in Gaza, heightening hopes of a return to the Red Sea and Suez Canal. The return of northbound transits through the Suez Canal would reduce bunker fuel demand, said BNP Paribas' Spanjer and FGE analyst Stephen Brennock, but shipping executives remain cautious over returning to navigation through the Red Sea route to the Suez Canal. The rebound in Rotterdam marine fuel sales in the first quarter was mostly owing to firm demand for high sulphur fuel oil (HSFO) from larger vessels, analysts said. Overall Rotterdam bunker sales fell by 1% in 2024 year-on-year to 9.06 million tons, or 158,000 bpd, weighed down by weaker demand for very low sulphur fuel oil.
