BNP Paribas
Company and Financial Services Company
Van Rompuy I Government...on 22 December 2008. On 18 December 2008, Yves Leterme offered his government's resignation to King Albert after a scandal erupted surrounding the investigation of the sale of the failing Fortis bank to BNP Paribas. Leterme, Jo Vandeurzen,... In this article: Herman Van Rompuy, Yves Leterme, and Christian Democrat |
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The Herald | March 09, 2009
BNP Paribas buys Fortis in Belgian government fire-sale
...in the country. Premier Herman van Rompuy and Finance Minister Didier Reynders concluded negotiations with BNP Paribas chief executive Baudouin Prot early on Saturday, several hours after a midnight deadline had passed. Both sides sounded...
In this article: Fortis Bank, American International Group, Ping An Insurance, Belgium, Didier Reynders, and Societe Generale
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Telegraph.co.uk - International news | December 19, 2008
Belgian prime minister resigns
...the year 2009." Belgium's government is locked in a complex legal battle with minority shareholders of the banking and insurance group Fortis over the sale of its Belgian assets to French bank BNP Paribas. Leterme's office stands...
In this article: Yves Leterme, Fortis, Jo Vandeurzen, Christian Democrat, Belgian Federal Parliament, Malaise, and Didier Reynders
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Reuters | December 16, 2008
Belgium to appeal against freeze on Fortis deal
...bank's plan to buy parts of Fortis. The appeal court decision threatens to hobble the deal to carve up the financial group by the Dutch and Belgian governments, and the latter's deal with BNP Paribas. BNP shares were the weakest in the...
In this article: Fortis, Supreme Court, Luxembourg, and Yves Leterme
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Wikipedia | December 30, 2008
Leterme I Government
...needed more time for the negotiations. On 19 December 2008, Yves Leterme offered the resignation of his government to King Albert after a crisis surrounding the sale of Fortis to BNP Paribas erupted. Leterme , Jo Vandeurzen, and Didier...
In this article: Jo Vandeurzen, Fortis, Albert II, Chamber of Representatives, Christian Democratic and Flemish, and Didier Reynders
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Kansas City Star | December 13, 2008
Belgium to decide Monday on frozen Fortis sales
...shareholders have a say on major deals. BNP Paribas said it is still interested in acquiring the business, which would make it the largest holder of retail deposits in the 15-nation euro area. Seeking a way out, Prime Minister Yves...
In this article: Fortis, Belgium, Didier Reynders, ABN AMRO, Yves Leterme, and Luxembourg
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AFP Finance News | February 15, 2009
Belgium, BNP Paribas to meet Monday on Fortis
...the Netherlands. For the time being, BNP Paribas is extending credit to Fortis to keep it afloat -- but that arrangement expires February 28 and there is no guarantee that the French bank will keep it going indefinitely. Reynders indicated...
In this article: Fortis, Didier Reynders, Brussels, Belgium, Herman Van Rompuy, and Netherlands
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AFP Finance News | February 14, 2009
Belgium to take steps to 'reassure' Fortis clients
...Libre Belgique published Saturday. "Then we will contact the two other partners. One is BNP Paribas, the other is the new board (of directors)," he said. Reynders did not specify what type of measures the government would take, but he...
In this article: Fortis, Didier Reynders, Belgium, Bankruptcy, and Brussels
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AFP Finance News | December 13, 2008
Fortis bank, saved from collapse, again on shaky ground
...protect the interests of Fortis's clients and savers as well as the employees," said Reynders. "The deal with BNP Paribas is the best," he said. "The stop (on the buyout) creates a new legal situation, but it is still entirely possible to...
In this article: Fortis, Plaintiff, Didier Reynders, ABN AMRO, Yves Leterme, Netherlands, Belgium, and Revenue
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Description from Wikipedia:
BNP Paribas (Euronext: BNP, TYO: 8665) is one of the main banks in Europe. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas. Together with Société Générale and Crédit Lyonnais (now known as LCL), it is one of the "three old" banks of France. It is a constituent of the CAC 40 index.
On 9 August 2007, BNP Paribas announced that it could not fairly value the underlying assets in three funds as a result of exposure to U.S. subprime mortgage lending markets. Faced with potentially massive (though unquantifiable) exposure, the European Central Bank (ECB) immediately stepped in to ease market worries by opening lines of €96.8 billion (then US$130 billion) in low-interest credit.
The long term debt of the group is currently ranked AA+ by S&P, Aa1 by Moody's and AA by Fitch.
- Name:
- BNP Paribas
- Type:
- Public (Euronext: BNP, TYO: 8665)
- Location:
- Paris, France
- Founded:
- 23 May 2000
- Industry:
- Financial services
- Key People:
- Baudouin Prot , Michel Pébereau
- Products:
- Retail, corporate and investment banking; asset management
- Revenue:
- €31.037 billion
- Net Income:
- €7.822 billion
- Assets:
- €1,694 billion
- No. of Employees:
- 162,687
- Motto:
- La banque d'un monde qui change / The Bank for a changing world
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