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The Latest Breaking News from BNP Paribas

Climate campaigners sue BNP Paribas over fossil fuel finance

Action against one of Europe’s largest financial institutions is the first climate-related lawsuit against a commercial bank

The Guardian - UK

BNP Paribas posts record profit of 10.2 bn euros

BNP Paribas posts record profit of 10.2 bn euros

Paris (AFP) - French bank BNP Paribas posted Tuesday a record profit of 10.2 billion euros, the latest in a series of European banks to ride the swell in interest rates to higher earnings.

French bank promises huge cut in funding for oil producers by 2030

French bank promises huge cut in funding for oil producers by 2030

French bank BNP Paribas said Tuesday it plans to cut its financing of oil extraction and production by 80 percent by 2030. The announcement follows a threat by three activist groups to sue the bank for continuing to finance oil and gas projects.

Radio France Internationale

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BNP Paribas says to sharply cut oil production financing

Paris (AFP) - French bank BNP Paribas said Tuesday it plans to cut its financing of oil extraction and production by 80 percent by 2030.

The newest fronts in climate-change-related legal battles

Climate change-related litigation has more than doubled in the past seven years globally according to a June report by the London School of Economics, and is moving beyond traditionally polluting industries such as fossil fuel production.

French banks accused of ‘massively’ fuelling Amazon deforestation

French banks are “massively” financing deforestation in the Amazon rainforest and tropical Cerrado savanna – providing hundreds of millions of euros to Brazilian agribusiness giants responsible for driving forest loss over the past decade, a coalition of NGOs and media outlets has warned.

Radio France Internationale

Factbox-The newest fronts in climate-change-related legal battles

Climate change-related litigation has more than doubled in the past seven years globally according to a June report by the London School of Economics, and is moving beyond traditionally polluting industries such as fossil fuel production.

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NGOs launch legal battle against French bank BNP over fossil fuel investment

NGOs launch legal battle against French bank BNP over fossil fuel investment

BNP Paribas has been urged to cease its support for the expansion of fossil fuels by three NGOs who are threatening the banking giant with unprecedented legal action. The move came on the eve of the annual Climate Finance Day, hosted in Paris.

Radio France Internationale

Bank of England postpones next week’s interest rate decision after Queen’s death

Bank of England postpones next week’s interest rate decision after Queen’s death

A widely expected rise in interest rates has been put on hold due to the death of the Queen

Evening Standard

Fading global cooperation will make this crisis worse than the recession of 2008

Fading global cooperation will make this crisis worse than the recession of 2008

The global financial crisis brought large economies together but the current crisis comes at a time of deep division

The Guardian - UK

These 2 Under-The-Radar Stocks Traded More Than $1B Each Last Month

These 2 Under-The-Radar Stocks Traded More Than $1B Each Last Month

The month of July saw $37.3 billion in trading volume for stocks that trade on the OTCQK and OTCQB. While some of the stocks that trade over-the-counter are considered penny stocks based on their share price, they are also some of the largest companies in the world and represent a diverse…

Wealthy banker 'infuriated' because he was given a 'mere' £300,000 bonus

Wealthy banker 'infuriated' because he was given a 'mere' £300,000 bonus

Fabio Filippi shouted at his bosses

Banks far from hitting Paris climate targets, groups warn

Banks far from hitting Paris climate targets, groups warn

Many of the world's biggest banks are falling far short of aligning their practices with the Paris Agreement goal of limiting the Earth's warming to 1.5 degrees Celsius above pre-industrial levels, a new report warns

The Independent UK

10 Most Traded OTC Stocks In June: Where Do Danone, Adidas And Grayscale Bitcoin Trust Rank?

10 Most Traded OTC Stocks In June: Where Do Danone, Adidas And Grayscale Bitcoin Trust Rank?

The month of June saw $45.2 billion in trading volume for stocks that trade on the OTCQK and OTCQB. While some of the stocks that trade over-the-counter are considered penny stocks based on their share price, they are also some of the largest companies in the world and represent a…

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Benzinga Before The Bell: Kohl's Deal Talks Cancellation, Tesla's Racial Discrimination Lawsuit, Nio's Strong June Deliveries And Other Top Financial Stories Friday, July 1

CNBC Why Kohl’s Shares Are Plunging Today

BNP Paribas Exits US Commodities Finance Business: Bloomberg

BNP Paribas (OTC:BNPQY) is set to exit its commodity finance business in the U.S., following previous retreats in other parts of the world, reported Bloomberg. “The decision to exit this business was in line with our approach at EMEA,” the bank stated. “The impact is limited, and BNP Paribas remains deeply committed…

Nottingham Post

Hopes to revamp Carlton Square 'back to the drawing board' after funding rejected

A funding bid for previous plans failed

The Guardian - US

US stocks see worst day this year as Fed rate hike rattles investors

Dow falls 3.1% a day after the Fed chair announces biggest hike in two decades to combat inflation

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Radio France Internationale

France files graft charges against children of late Gabonese leader Omar Bongo

Four children of Gabon's late president Omar Bongo have been charged in France with embezzlement and corruption, a source familiar with the case said on Thursday.

Here's Why Citi Added Amazon To Focus List

Citi analyst Ronald Josey assumed coverage of Amazon.com Inc (NASDAQ:AMZN) with a Buy rating and price target of $4,100, down from $4,115 (29.7% upside). Josey also added the shares to the firm's Focus List, given its lead eCommerce, Online Advertising, and Cloud and operational efficiencies at its new Fulfillment Centers, physical retail location closures, and…

French bank BNP Paribas halts financial transactions in Russia

The French bank BNP Paribas has told its customers it will no longer process transactions in Russia after the end of March, as it halts all new projects in the country. BNP's Russian business is relatively small – with €1.3 billion of exposure to the market – but the move…

BNP Paribas Real Estate appoints Tara Cowley to lead its planning team

She will lead a new team to offer expert planning and development advice across key property sectors

The Guardian - UK

Europe’s biggest banks provide £24bn to oil and gas firms despite net zero pledges

Investments to drill new oil wells and tap gas reserves were made within a year of signing up

The Independent UK

Female banker awarded £2m after drunk colleagues left witch’s hat on her desk

Stacey Macken sued BNP Paribas after years of unequal pay and discrimination by male colleagues

The Guardian - UK

Banker wins £2m for sexual discrimination in ‘witch hat’ case

Stacey Macken sued BNP Paribas after years of unequal pay and belittlement by male colleagues

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