Tag: Paribas

Orange to Transfer Bank Operations to BNP Paribas as Both Giants Begin Exclusive Acquisition Talks

After sustaining more than 1 billion euros in losses, Orange has decided to exit retail banking and has begun negotiations with BNP Paribas. French telecommunications giant Orange is looking to get out of the banking sector by selling Orange Bank to BNP Paribas. Orange has now begun exclusive negotiations with BNP Paribas, which would end Orange’s banking business if successful. Orange Bank has faced a little too much difficulty since the telecoms giant ventured into retail banking. The Orange Group began banking after buying a majority stake in Groupama Banque…

BNP Paribas teams up with Bank of China to promote digital yuan usage

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The French bank BNP Paribas is collaborating with the Bank of China (BOC) to promote China’s digital currency, the digital yuan, to its corporate clients, the South China Morning Post reported.  The partnership will enable BNP Paribas China’s corporate clients to connect with the BOC system, allowing users to manage their digital yuan wallets by linking them to their bank accounts, track transactions, and make payments using China’s digital currency via an e-CNY management system. The e-CNY management system also promises to make it easier and more convenient for clients…

BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report

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BNP Paribas Joins JPM’s Blockchain Network Onyx for Fixed Income Trading: Report

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

BNP Stock Up 6%, BNP Paribas Report Mixed Results for Q3 2020

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If BNP stock can strongly rebound from the current support level, it will be a new bull run capable of ATH breakout. French international banking group BNP Paribas SA (EPA: BNP) stock has jumped over 6% on Tuesday after the company reported mixed results for the third quarter. At the time of writing, BNP stock was trading at around €33.06. Being the largest bank in France, BNP Paribas earnings report shows a lot of things about coronavirus and the market in general. At the height of the coronavirus pandemic, BNP…

BNP Paribas connects to major stock exchanges with DAML smart contracts

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BNP Paribas’ securities arm has partnered with Digital Asset to develop a number of real-time trade and settlement applications using DAML-based smart contracts, the firm announced on Sept. 15. The new DAML-driven apps will connect BNP Paribas Securities Services with major global stock exchanges like the Australian Securities Exchange, or ASX, and the Hong Kong Exchange, or HKEX. The apps will provide market participants in the Asia Pacific with real-time access to ASX’s and HKEX’s upcoming blockchain-based trading and settlement platforms. BNP Paribas will specifically connect to the ASX’s blockchain-powered equity…

BNP Paribas Joins IBM Cloud for Financial Services

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BNP Paribas has committed to joining the IBM Cloud for Financial Services as its anchor client in Europe. It is the first step in creating an ecosystem for the platform on the European continent.  Technology giant IBM (NYSE: IBM) has revealed that several financial institutions have joined the IBM Cloud for Financial Services Platform. Among those institutions is BNP Paribas SA (EPA: BNP). The technology giant made this known in a press release. BNP Paribas is one of Europe’s biggest banks, its joining the IBM Cloud for Financial Services serves as a…

BitMEX Operator HDR Global Hires Former BNP Paribas Exec

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BitMEX parent firm HDR Global Trading has hired a former executive of French banking group BNP Paribas as the group’s general counsel. 28 years of legal expertise Derek Gobel, who served at BNP Paribas for more than 19 years, will now oversee HDR Global’s legal function and help the company move forward in a constantly evolving regulatory environment, according to a blog post on BitMEX on Sept. 11. A member of the Legal 500’s 2017 GC Powerlist in China and Hong Kong, Derek will bring 28 years of experience working…

BNP Paribas Venture Arm Among Investors to Inject $16.5M in Fintech Firm Token

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Fintech firm Token has received a $16.5 million injection from investors including the venture arm of banking giant BNP Paribas, a news release announced on June 18. The self-described open banking platform says it will use the capital to further develop its TokenOSTM operating system — and “accelerate new ways of innovating payments with digital money and ID solutions.” According to the company, its ecosystem enables banks, customers and developers to complete transactions securely, instantly and with less friction. Token claims more than 4,000 banks have connected to its platform, with Mastercard recently coming…