A strong recovery by European banks faces a possible setback after BNP Paribas and ING warned on Thursday of a more challenging outlook and investors reappraised which lenders are most vulnerable as a boost from higher interest rates recedes. Shares in BNPP, which missed forecasts and pushed back a key profitability target, slid 8% in their biggest one-day drop since March, while Dutch bank ING's stock fell sharply as it forecast lower income for 2024. "The (euro zone) economy is in the process of slowing down," BNPP CEO Jean-Laurent Bonnafe said after reporting revenue falls across the bank, including in investment banking.
PHILIPPINES, November 12 - Press Release November 11, 2022 Hontiveros: Nuclear energy remains unsafe, joins call to realign BNPP maintenance funds to economic
The asset management business welcomes the head of stewardship in the Asia-Pacific region. BNP Paribas Asset Management (BNPP AM) has announced the appointment of a new head of stewardship in the Asi
A Bataan local tourism officer revealed that the local government of the province wanted to convert the Bataan Nuclear Power Plant (BNPP) into a data center.
A lawmaker has asked the government to revive the Bataan Nuclear Power Plant, which is “just sitting idle for the last four decades,” claiming it can produce cheaper electricity for the country.