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Analysis-European bank recovery stumbles as BNP Paribas and ING dim outlook

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. ....

France General , United States , Danilo Masoni , Alexander Smith , Andrea Scauri , Mathieu Rosemain , Tommy Reggiori Wilkes , Societe Generale , Matteo Allievi , Jean Laurent Bonnafe , Tom Sims , Samuel Indyk , Stuart Cole , Jp Morgan , European Central Bank , Credit Agricole , Deutsche Bank , Laurent Bonnafe , Latin American , European Banks , Net Interest Income , Revenue Growth , European Central Bank , Stoxx Europe 600 , Interest Rates , Jean Laurent Bonnafe ,

Hontiveros: Nuclear energy remains unsafe, joins call to realign BNPP maintenance...

PHILIPPINES, November 12 - Press Release November 11, 2022 Hontiveros: Nuclear energy remains unsafe, joins call to realign BNPP maintenance funds to economic ....

Department Of Energy , Bataan Nuclear Power Plant , Risa Hontiveros , Vera Files ,

BNPP AM appoints new head of stewardship

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 ....

France General , Maja Garaca Djurdjevic , Angelia Chin Sharpe , Asia Pacific , Michael Herskovich , Jasmine Siljic , Net Zero Asset Managers Initiative , Asia Investor Group On Climate , Investment Initiative , Global Sustainability Centre , Asset Management , Global Sustainability , Investor Practice , Asia Investor Group , Paris Aligned Investment , Climate Action , Momentum Media , Southeast Europe ,

Bataan Nuclear Power Plant conversion into data center pushed

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. ....

United States , Negros Oriental , Danica Tigas , Arnolfo Teves Jr , Bongbong Marcos , Jose Enriques Garcia , Lakbay Norte , Departments Of Energy , Bataan Nuclear Power Plant , Information Technology , National Power Corp , Philippine Nuclear Research Institute , Philippine Nuclear , Jose Enrique , President Bongbong Marcos , Tech Target , President Ferdinand Marcos , Arnolfo Teves , House Bill , Philippine Nuclear Act , Natural Resources , Data Center , Nuclear Power Plant ,

Lawmaker seeks revival of Bataan nuclear plant

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. ....

Negros Oriental , Arnolfo Teves Jr , Rainier Allan Ronda , Mark Cojuangco , Ferdinand Marcos , Carlo Arcilla , Departments Of Energy , Bataan Nuclear Power Plant , Committee On Nuclear Energy , Philippine Nuclear Research Institute , Philippine Nuclear , Nuclear Energy Program Inter , Agency Committee , National Power Corp , Arnolfo Teves , House Bill , Philippine Nuclear Act , Natural Resources , Pacific Ring , Special Committee , Nuclear Energy , Nuclear Energy Program Inter Agency Committee , Rainier Allan ,