Correct: Sources Say S&P Derivative Trades Cost BNP Paribas $80 Million -- Bloomberg
January 15 2019 - 7:26PM
Dow Jones News
("Sources Say S&P Derivative Trades Cost BNP Paribas $80
Million -- Reuters," at 6:53 p.m. EST, misstated the news agency,
which was Bloomberg.)
-- France's largest bank, BNP Paribas SA, is said to have lost
$80 million from derivative trades tied to the S&P 500 Index,
Bloomberg 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 19:11 ET (00:11 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
BNP Paribas (QX) (USOTC:BNPQY)
Historical Stock Chart
From Mar 2024 to Apr 2024
BNP Paribas (QX) (USOTC:BNPQY)
Historical Stock Chart
From Apr 2023 to Apr 2024