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BNP Paribas has restated its 2024 quarterly series to align with the upcoming Basel 4 regulations, impacting the analytical breakdown of business lines without altering the published results. The normalized equity allocation for risk-weighted assets has increased from 11% to 12%, effective January 1, 2025, alongside a full consolidation of Arval entities and a strategic focus on geographical business adjustments.
BNP Paribas Financial Markets increased its stake in HealthEquity by 165.7% in Q3, now holding 20,437 shares valued at $1.67 million. Charles Schwab Investment Management also raised its position by 2.4% in Q4, owning over 1 million shares worth $104.28 million. Institutional investors control 99.55% of the stock, which has a current average rating of "Buy" and a consensus target price of $112.23.
Copper prices are expected to "collapse" as a rush to ship the metal to the US ahead of impending tariffs concludes. BNP Paribas forecasts prices will drop to $8,500 a ton by the end of Q2 2025, citing a significant surplus as US trade policies dampen demand. The firm has revised its copper consumption growth estimate down to 2.3% for the year, reflecting concerns over reduced global trade and economic growth.
BNP Paribas' UK Head of Global Banking, Ponsonby, has resigned from his position. The departure marks a significant change in the leadership of the bank's global operations in the UK. Further details regarding the reasons for his resignation have not been disclosed.
ING Groep NV is facing a lawsuit in the Netherlands from Milieudefensie, which claims the bank has not taken sufficient action to reduce its emissions. The nonprofit demands that ING halve its total emissions by 2030 and stop financing new oil and gas projects, highlighting the bank's significant climate impact. Despite acknowledging the lawsuit, ING asserts its commitment to climate action and has made strides in reducing its carbon footprint, including ceasing dedicated financing for new fossil fuel projects.
Matthew Ponsonby has resigned as BNP Paribas' UK head of global banking, with the bank confirming that a successor will be announced soon. Ponsonby, who joined in 2017, cited a "compelling opportunity" for his departure, expressing pride in the progress made during his tenure, particularly in expanding the bank's investment banking activities in the UK.
Matthew Ponsonby has resigned as BNP Paribas's UK head of global banking, with the bank announcing that a successor will be appointed soon. Ponsonby, who joined in 2017, expressed pride in the achievements made during his tenure and is moving on to a "compelling opportunity" that remains undisclosed.
Matthew Ponsonby has resigned as BNP Paribas's UK head of global banking, with the bank confirming that a successor will be announced soon. A spokesperson praised Ponsonby for his significant contributions since joining in 2017, while he expressed pride in the progress made and mentioned moving to a "compelling opportunity."
Bajaj Finance shares are projected to rally 19% to ₹10,700, according to BNP Paribas, which raised its target from ₹10,020. The firm anticipates a 20% growth trajectory until 2030, despite recent credit cost increases impacting investor sentiment. The company added 5 million new customers in a challenging Q3FY25, supporting a robust growth outlook.
BNP Paribas Taiwan lifted the suspension of employee representative Mr. Wu on March 17, following intervention from UNI Global Union under a new global agreement. Wu had been suspended for allegedly misusing company resources while promoting union formation, but discussions led to a resolution, allowing him to withdraw his unfair labor practice complaint. The Taiwan Federation of Financial Unions supported Wu, and both parties are now exploring cooperation on labor education and union formation.
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