BNP Paribas

Restructuring pushes out BNP Paribas' Claude Haberer

bnp-paribasClaude Haberer, who worked in the French bank before it got restructured as the head of key clients in Asia, is leaving his post and quitting.

Claude had been involved with the bank for the last three decades and almost 50 per cent of his time was spent in looking after the Asian market.

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Italy’s Service Sector Records Weak Activity

Italy’s Service Sector Records Weak Activity

The Italian economy witnessed a drop in the activity of the service sector in July, reaching 53.1 from 54.4 recorded in June. This result is the lowest in the past 13 months after the economists forecast that the economy is coming back on track.

Market Economics published a report by Paul Smith on Wednesday, showing that the decline put a halt to the growth in new business as a result of the cut down in the public demand of the products of the service sector. Smith also added that the market’s deterioration is the most evident since August 2009.

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French Banks Depict Positive Result in the Stress Test

French Banks Depict Positive Result in the Stress Test

The results of the stress test conducted on different banks, by Bank of France are positive. The Bank of France had reportedly conducted the tests on Credit Agricole, BPCE, Societe Generale and BNP Paribas.

The banks were tested on their capability to ward off any impending financial crisis.

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French Stocks: Alcatel, BNP Paribas, Renault, Total, Faurecia Correct the Market

French Stocks: Alcatel, BNP Paribas, Renault, Total, Faurecia Corrects the Marke

There is a list of companies; the shares of those were among the most active in France today.

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