Tag: BNP Paribas

The fine was related to failures over BNP Paribas' AML system to identify suspicious penny stock trades and wire transfers over a four year period. 

The two firms agreed on a deal in principle in July as part of the German bank’s major restructuring and a complete withdrawal from equities trading.

Global Custodian brings you the ultimate five-part guide on fund administrators and their primary business strategies. Part four looks at how bank-owned providers are integrating core fund administration alongside other functions and services.

Securities lending veteran joins forces with GC Legend at consulting firm.

Deutsche Bank hopes the transition will close by end of this year, but BNP Paribas has said it will likely be completed in its entirety by summer next year.

Deutsche Bank's top brass signalled it has made progress in the potential transfer of their prime brokerage balances, electronic technology and staff to BNP Paribas.

Deutsche Bank revealed its significant business transformation and restructuring plans, including a targeted reduction in adjusted costs of around €6 billion by 2022.

Hire in Hong Kong sees  JP Morgan tap BNP Paribas Securities Services for new APAC head of agency securities lending trading.

Few alterations expected to be incorporated into the 2020 DDQ version in what is likely to be a welcome respite for many sub-custodian providers.

Decision to enable integration with other platforms lauded by the likes of BNP Paribas, DTCC and Broadridge as enabling widespread blockchain development.