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French lending major BNP Paribas applies to set up securities firm in China

UBS, Nomura, and JP Morgan have received approvals from Chinese financial regulators to take majority stakes in local securities ventures.

France's BNP Paribas applies to set up a securities firm in China

FinanceFrance s BNP Paribas applies to set up a securities firm in China Reuters 2 minutes read The BNP Paribas logo is seen at a branch in Paris, France, February 4, 2020. REUTERS/Benoit Tessier China s securities regulator has received an application from France s BNP Paribas (BNPP.PA) to set up a securities company in China, the latest foreign player to try to expand into brokerage services in the country as it opens up its capital markets. The application was published on the website of the China Securities Regulatory Commission (CSRC) on Tuesday, without any information on the shareholding structure. France s biggest lender told media in 2019 it was looking into entering the securities trading business in China and studying having a securities joint venture locally.

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Bernie Madoff, Ponzi Scheme greatest mastermind die - See wetin you need to know about am

Bernie Madoff, Ponzi Scheme greatest mastermind die - See wetin you need to know about am 14 April 2021 Wetin we call dis foto, Benie Madoff die at age of 82 for prison Bernie Madoff, di Wall Street con artist wey mastermind di largest Ponzi scheme for history and cheat thousands of investors out of billions of dollars, don die for prison. E die at di age of 82. Di Federal Bureau of Prisons confam Madoff death on Wednesday. He die for di Federal Medical Center in Butner, North Carolina. Oga Madoff bin dey serve 150-year sentence afta im admit in 2009 say im defraud investors through one Ponzi scheme, wey pay out afta Im use dia money rather than any profits. Di gbege burst during di financial crisis of 2008.

Disgraced financier Bernie Madoff dies in prison

news Disgraced financier Bernie Madoff dies in prison © Getty Images Disgraced financier Bernie Madoff, who was convicted for conning investors out of billions of dollars, has died in prison at age 82. The death was announced by the Bureau of Prisons. Mr Madoff was sentenced to 150 years in prison in 2009 after he admitted he had defrauded investors through a Ponzi scheme, which paid out using their money rather than any profits. It collapsed during the financial crisis of 2008. Who was Bernie Madoff? Mr Madoff started his financial career aged 22 with $5,000 from money made from summer holiday jobs such as working as a garden sprinkler installer in New York.