BNP PARIBAS ORD FF 2 Stock News

JPMorgan Emerges As Largest Counterparty To Chinese Tycoon''s Massive Nickel Short Squeeze Until yesterday, it appeared that a bailout plan for Chinese stainless steel titan Tsingshan Holding Group owned by “Big Shot" Xiang Guangda (and which was facing an $8 billion nickel margin call following the explosive surge in Nickel prices which briefly soared above $100,000/ton up 4x in just a few days, or would be if the Hong Kong-owned LME ever reopened Nickel trading) was coming along with the support of the largest US commercial bank, JPMorgan, and one of China''s largest banks, China Construction Bank, both of which would provide credit guarantees to the distressed producer (as we reported in " JPMorgan Bails Out Chinese Nickel Giant Facing Billions In Losses From Record Margin Call "). However, that rapidly cobbled-together rescue plan (which saw meetings running into the pre-dawn hours of Wednesday morning) took a major detour yesterday when Xiang announced that he intends to keep shorting nickel, as he thinks the price will drop eventually but raising the risk that the margin call will only get worse as buyers of nickel swarm the offer and inflict even more pain on the Chinese tycoon.

The French bank has been building out its UK business

By Sinead Cruise and John O’Donnell LONDON/FRANKFURT (Reuters) – France’s largest bank BNP Paribas has cut off its Russia-based workforce from its internal computer systems as it seeks to bolster its defences against any potential cyber attack, a source with direct knowledge of the matter told Reuters.

Futures Surge After 4 Day Rout On Ukraine War Optimism; Cryptos Soar After two days of sheer market insanity, including Monday''s furious plunge and Tuesday''s rollercoaster session, U.S. equity futures jumped after 4 straight days of losses, following European equities higher, as Ukraine optimism won, at least initially, over fears about high inflation and global stagflation as a result of soaring commodity prices, sparking a furious Delta squeeze (as we will show shortly in a subsequent post). At 730am ET, Nasdaq 100 contracts were up 2.1% while S&P 500 futures gained 1.6%. The underlying benchmark fell for a fourth straight session on Tuesday to close at its lowest since June 2021. Dow futures rose 1.5%. A bond selloff extended as investor focus turned to upcoming central-bank rate decisions, while oil prices reversed a rally driven by President Joe Biden’s ban on fossil-fuel imports from Russia. . The dollar weakened for the first time in five days, as haven demand waned. Bitcoin soared more than 10% over $42,000 spurred by optimism about an impending U.S. overhaul of crypto oversight that Treasury Secretary Janet Yellen called “historic.” Investors are bracing for a global stagflationary shock from a commodity-price rally fueled by Russia’s isolation even as supply disruptions threaten to usher in a period of slower global growth.

UniCredit, BNP Paribas reassure investors despite hefty Russia exposures

Bank pushes back strategy update due to the "gravity of the situation"

Keensight Capital and ISAI Expansion sell stake in Theodo Submitted 09/03/2022 - 7:54am Keensight Capital, a private equity manager dedicated to pan-European growth buyout investments, and ISAI Expansion, the ISAI platform’s Tech Growth and Growth Buyout fund, have exited their investment in M33, the holding company of the Theodo Group. Theodo''s two founding directors, Benoît Charles-Lavauzelle and Fabrice Bernhard, will be increasing their stake in the Group. Launched in 2009, the Theodo Group and its 10 specialised enterprises support their clients in their digital transformation using the best technologies and a methodology inspired by lean and agile. Combining speed with high quality, the Group supports large international groups such as Total, Carrefour and BNP Paribas, as well as prestigious, fast-growing enterprises such as Qonto, Cajoo, Made.com and sunday. Since the investment of Keensight Capital and ISAI Expansion in March 2018, the Group''s turnover has grown by an average of 30 per cent per year, reaching EUR64 million in 2021.

PARIS (Reuters) – French bank BNP Paribas said it had a total exposure of around 3 billion euros ($3.3 billion) to Russia and Ukraine, which it said was relatively limited, and added it was sticking to its previously announced 2025 financial targets.

China Sets Annual GDP Growth Target At "Around 5.5%" Signaling More Stimulus China''s legislature began its annual session on Saturday by targeting "around 5.5%" GDP growth for 2022. The GDP goal, delivered by Premier Li Keqiang to the National People''s Congress, compares with the "over 6%" target Li presented last year. This year''s National People''s Congress session will run seven days, down from the pre-COVID norm of 10. In an hourlong speech at the opening of the National People’s Congress to nearly 2,800 attendees including President Xi Jinping, Li described a gloomy environment and committed the government to a conservative fiscal policy, vowed to “step up implementation” of monetary policy and stabilize house prices, and signaling that more stimulus is on the cards by setting an aggressive economic growth target, calling for confidence amid rising domestic strains and global instability stemming from Russia’s invasion of Ukraine. "A comprehensive analysis of evolving dynamics at home and abroad indicates that this year, our country will encounter many more risks and challenges," Li said.

Investors seek low beta strategies to protect against rising inflation Multi-strategy predicted to be the best performing with the second highest net inflows in 2022 Q4 2021 hedge fund letters, conferences and more New York, London, Hong Kong – March 2, 2022 – BNP Paribas, Europe’s premier global bank, and its Prime Services business published […]

Kensington Mortgages said it had doubled its secured funding to £2.6bn, with lines split between four banks: Lloyds Bank, BNP Paribas, National Australia Bank and Bank of America. The post Kensington Mortgages announces £1.3bn in additional funding appeared first on Mortgage Solutions .

A handful of Russia equity funds have seen assets under management plunge by as much as 45% over the past month

French startup Synapse Medicine has raised a new $28 million funding round (€25 million) led by Korelya Capital. The company has built a product that helps healthcare professionals get reliable drug information and prevent medication errors. In addition to Korelya Capital, existing investors XAnge, MACSF and BNP Paribas Development also participated in the funding round. […]

"Meeting held discussions over the political issues, rising inflation and the current situation of the country," says Shahbaz

Dhaka Tribune The nation has yet to get a proper investigation report on who were really behind the BDR mutiny, says senior BNP leader Mirza Fakhrul Islam Alamgir File Photo of BNP Secretary General Mirza Fakhrul Islam Alamgir Rajib Dhar/Dhaka Tribune UNB February 25, 2022 BNP Secretary General Mirza Fakhrul Islam Alamgir on Friday alleged that […]