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BNPQY BNP Paribas (QX)

35.88
-0.92 (-2.50%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
BNP Paribas (QX) USOTC:BNPQY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.92 -2.50% 35.88 35.58 35.99 36.315 35.59 36.18 141,246 21:05:46

Sources Say S&P Derivative Trades Cost BNP Paribas $80 Million -- Reuters

16/01/2019 12:23am

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-- France's largest bank, BNP Paribas SA, is said to have lost $80 million from derivative trades tied to the S&P 500 Index, Reuters reports Tuesday, citing "people familiar with the matter."

-- The bank's head of U.S. index trading, Antoine Lours, hasn't returned to the bank from his Christmas vacation yet, the report said.

-- Mr. Lours didn't respond to a request for comment sent to his LinkedIn account and a spokesman for BNP Paribas declined to comment, the report said.

 

Full story: https://www.bloomberg.com/news/articles/2019-01-15/bnp-said-to-lose-80-million-on-s-p-500-linked-derivative-trades

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

January 15, 2019 19:08 ET (00:08 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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