Streetbeat News

BNPQF

BNP Paribas

https://group.bnpparibas/

CEO

Jean-Laurent Bonnafe

Industry

Commercial Banking

Open

63.00

Mkt cap

71B

Volume

974

High

63.00

P/E Ratio

7.08

52-wk high

80.28

Low

63.00

Div yield

0.08

52-wk low

57.04

Ten major banks, including Goldman Sachs, JPMorgan, and BNP Paribas, have agreed to pay $46 million to settle a lawsuit accusing them of colluding to stifle competition in interest-rate swaps trading. The settlement, which was submitted to a New York federal court, comes after the judge denied class-action status to the claims, weakening the case. Despite this, the settlement is seen as a significant recovery for the plaintiffs.

Portfolio Pulse from Benzinga Neuro

June 28, 2024 | 5:38 am

Morgan Stanley has declared a $269.9 million investment in spot Bitcoin ETFs through Grayscale's GBTC in Q1, positioning itself as a major institutional investor in the cryptocurrency market. Other significant investments in Bitcoin ETFs were made by prominent banks and advisory firms, indicating a growing trend of institutional interest in digital assets.

Portfolio Pulse from Murtuza Merchant

May 16, 2024 | 3:02 pm

Mistral AI, a French startup and rival to OpenAI, has closed a $415 million Series A funding round led by Andreessen Horowitz, with participation from Lightspeed Venture Partners, Salesforce, BNP Paribas, CMA-CGM, General Catalyst, Elad Gil, and Conviction. This funding values the company at an estimated $2 billion. Mistral AI is developing foundational models and a business platform focused on open technology. The company has also influenced the EU's AI Act debate, advocating for exemptions for foundational models. Microsoft, a significant investor in OpenAI, was not part of this funding round.

Portfolio Pulse from Surbhi Jain

December 11, 2023 | 3:38 pm

Hong Kong property developer Hysan Development Company Limited (OTC:HYSNY) has issued a prospectus for up to $4 billion of medium-term bonds, more than 10 times its average medium-term debt tranche. The bonds are being issued in the form of zero-coupon notes that are heavily discounted to institutional purchasers. The company plans to list the bonds on the Hong Kong exchanges within the next 12 months. The bonds are unsecured and reliant on a guarantee by Hysan to repay. Bank of America Corporation (NYSE:BAC) and UBS Group AG (NYSE:UBS) are handling the debt issuance.

Portfolio Pulse from Daniel Harrison

October 10, 2023 | 3:43 pm

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