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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Yahoo! News | October 05, 2008
BNP clinches Fortis' Belgian bank arm - Yahoo! News
...upending banks and rattling savers' confidence. Under a share swap announced by Belgian Prime Minister Yves Leterme and BNP Paribas chief executive Baudouin Prot at a late night news conference, BNP will get 75 percent of Fortis Bank...
In this article: Fortis, Yves Leterme, Dexia, Luxembourg, and Belgium
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SPIEGEL ONLINE - International | December 22, 2008
Banking Scandal Brings Down Government: Belgian King to Name New Ministers
...no part of any new government. Leterme offered the resignation of his entire government on Friday amid questions over a bailout and sale of Fortis bank's Belgian operations to a French bank, BNP Paribas. REUTERS Belgium's Prime Minister...
In this article: Yves Leterme, Fortis, Belgium, Jo Vandeurzen, and Albert II
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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 19, 2008
Belgian government collapses over Fortis affair
Fortis was carved up by the Dutch, Belgian and Luxembourg governments with France's BNP Paribas buying the Belgian operations after an 11.2 billion euro ($16.1 billion) cash injection failed to calm investor concerns over its health.
In this article: Yves Leterme, Fortis, Belgium, and Supreme Court
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Centre Daily Times | December 15, 2008
Belgian government to appeal Fortis ruling
...government to appeal Fortis ruling BRUSSELS, Belgium - The Belgian government said Monday that it will appeal a court order last week freezing the sale of troubled bank Fortis NV to France's BNP Paribas. Prime Minister Leterme's office said...
In this article: Fortis, Belgium, Yves Leterme, France, Luxembourg, Brussels, and Netherlands
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Reuters | December 01, 2008
Belgium cools Ping An hope for Fortis compensation
Fortis was carved up by the Dutch, Belgian and Luxembourg governments in October with BNP Paribas <BNPP.PA> buying the Belgian operations after an 11.2 billion euro ($14.49 billion) cash injection failed to calm investor concerns. The...
In this article: Ping An Insurance, Fortis, Yves Leterme, Belgium, ABN AMRO, and De Standaard
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USATODAY.com | October 05, 2008
BNP Paribas to take majority stake in Fortis - USATODAY.com
...Brand, Associated Press Writer BRUSSELS French banking giant BNP Paribas will take a 75% stake in the remaining operations of troubled bank Fortis NV, the Belgian government announced Sunday. Prime Minister Yves Leterme said the...
In this article: Fortis, Yves Leterme, Luxembourg, ABN AMRO, Belgium, All rights reserved, and Derivative
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Reuters | December 20, 2008
Belgium in limbo again after government collapses
...June elections. Leterme's government was accused of seeking to influence the verdict of the Brussels appeal court, which last week froze the state-led carve-up of Fortis and part sale to France's BNP Paribas. Additional reporting by...
In this article: Yves Leterme, Belgium, Fortis, Supreme Court, Recession, Credit crunch, De Standaard, De Morgen, and Guy Verhofstadt
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CNN | October 06, 2008
BNP Paribas nabs Belgian bank
...October 5, 2008: 7:15 PM ET BRUSSELS, Belgium (AP) -- French banking giant BNP Paribas will take a 75% stake in the remaining operations of troubled bank Fortis NV, the Belgian government announced Sunday. Prime Minister Yves Leterme...
In this article: Fortis, Yves Leterme, Luxembourg, ABN AMRO, Belgium, and Derivative
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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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