BNP Paribas Plans to Cut 50 Roles Across Its UK Unit [BNN Bloomberg (Canada)]
BNP PARIBAS SPONS ADR (BNPQY)
NASDAQ:AMEX Investor Relations:
invest.bnpparibas.com/en
Company Research
Source: BNN Bloomberg
The bank has started consultations with the employees as part of a yearly review of its staffing, people familiar with the matter said. BNP Paribas has about 4,500 staff in its UK bank. The French lender is working to offer the affected employees different roles within the organization where possible, the people said, asking for anonymity because the plans aren't public yet. A spokeswoman for BNP Paribas declined to comment. The cuts come as Bonnafe seeks an additional €400 million ($429 million) in costs savings to offset revenue headwinds. Lower expenses helped lift the bank's profit above analysts' expectations in the first quarter, even as its fixed-income traders trailed peers. Read more: BNP Paribas Beats Estimates as Bonnafe Steps Up Cost Cuts The bank explained the trading decline by a strong performance a year earlier and its bias toward Europe, which was more impacted by lower volatility. Demand picked up in March, BNP said Thursday. --With assistance from Helen
Show less
Read more
Impact Snapshot
Event Time:
BNPQY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BNPQY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BNPQY alerts
High impacting BNP PARIBAS SPONS ADR news events
Weekly update
A roundup of the hottest topics
BNPQY
News
- Explainer-What is at stake for sovereign debt bill as New York legislature reconvenes [Yahoo! Finance Canada]Yahoo! Finance Canada
- Explainer-What is at stake for sovereign debt bill as New York legislature reconvenes [Yahoo! Finance]Yahoo! Finance
- Abu Dhabi Hub Carrier Etihad Adds Banks to $1 Billion IPO [BNN Bloomberg (Canada)]BNN Bloomberg
- Abu Dhabi Hub Carrier Etihad Adds Banks to $1 Billion IPO [Yahoo! Finance]Yahoo! Finance
- BNP Weighing Up to 150 Job Cuts in Geneva to Slash Costs [BNN Bloomberg (Canada)]BNN Bloomberg