BNP rises as bank sticks with growth plans after $8.97 billion fine

BNP Paribas posted the biggest advance in almost a year in Paris trading after saying a record $8.97 billion fine for breaking US sanctions won’t force it to reduce its dividend or derail growth plans.

1st July, 2014
BNP said in a statement that it expects "no impact" on its operational or business capabilities to serve the majority of clients

BNP Paribas posted the biggest advance in almost a year in Paris trading after saying a record $8.97 billion fine for breaking US sanctions won’t force it to reduce its dividend or derail growth plans.

France’s largest bank rose as much as 4.4 per cent, the largest intraday gain since July 4, 2013, and was 4 per cent higher at €51.50 by 11:36 a.m. in Paris. The gain trimmed this year’s decline to 9.1...

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