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REVEALED: 3 | Rare Historical Photos

Goldman Sachs and BNP Paribas lead $100 million funding round for Fnality International

The U.K.-based firm, which says it uses blockchain tech to speed up financial transactions, has now raised a total of almost $163 million.

Fortune

France is Europe’s biggest supporter of ‘carbon bomb’ projects, data shows

French banks have financed $154bn to firms running biggest fossil fuel projects since 2015 climate pact

The Guardian - UK

Banks pumped more than $150bn in to companies running ‘carbon bomb’ projects in 2022

Projects that risk 1.5C heating target operated by companies receiving financing from European, Chinese and US banks

The Guardian - UK

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French banking giant says it’s tracking staff’s return-to-office data — but only to support them

In a memo shared with bankers, BNP Paribas said it was tracking entry-gate swipes, but only to help "facilitate better working relationships."

Fortune

Europe’s banks helped fossil fuel firms raise more than €1tn from global bond markets

Exclusive: Pan-European investigation looked at thousands of transactions since Paris climate agreement in 2016

The Guardian - UK

Texting about work? Don’t risk it if you’re a CFO

The SEC is cracking down on poor record keeping by financial firms where employees use texts or other phone apps for communication about business dealings.

Fortune

Morgan Stanley Targeted for Shanghai Compliance Inspection

CSRC picks American securities unit and Changjiang Finance Services for random on-site governance and business reviews

Caixin Global

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Market Awaits Fed’s Rate Hike Decision Amidst Inflation Concerns

Investors analyze potential impact on tightening cycle as borrowing costs reach two-decade high.

Zenger

Banks warned over financing of Rosebank's developer

A decision on the potential approval of the controversial oil field off Shetland is expected imminently

Insider UK

How two big Wall Street banks are rethinking the office for a post-pandemic future

From more air circulation to well stacked pantries, JPMorgan Chase and BNP Paribas are seeking to make the office a draw at a time when work-from-home is becoming commonplace.

WEKU

Tax optimisation: when the banking sector challenges the spirit of fiscal law

On March the 28, 2023, in Paris, the offices of five major banks – BNP Paribas, Société Générale, Natixis, HSBC and Exane (a subsidiary of BNP Paribas)- - were raided as part of preliminary investigations opened in 2021 for suspected tax fraud and tax laundering. These investigations, ordered by the…

The Conversation

BNP Paribas' wealth management unit to launch in Thailand

BENGALURU: BNP Paribas, the euro zone's biggest bank, said on Tuesday its wealth management arm will launch in Thailand to expand its presence in Asian markets.

Bangkok Post

French prosecutors raid banks in tax fraud case

Five of France's biggest banks are facing scrutiny in an ongoing investigation into possible tax fraud. BNP Paribas and Société Générale were among the lenders whose Paris offices have been raided by French prosecutors. They're accused of helping facilitate tax avoidance related to dividend payments. Also in the show -…

France 24

This i-banking CEO doesn’t believe in RTO mandates—and thinks productivity should be low on in-person days

Workers won’t be afraid to jump ship if strict return-to-office mandates are enforced, according to a top executive at Europe’s second-biggest bank.

Fortune

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The Guardian - UK

Climate campaigners sue BNP Paribas over fossil fuel finance

Action against one of Europe’s largest financial institutions is the first climate-related lawsuit against a commercial bank

Radio France Internationale

French bank promises huge cut in funding for oil producers by 2030

French bank BNP Paribas said Tuesday it plans to cut its financing of oil extraction and production by 80 percent by 2030. The announcement follows a threat by three activist groups to sue the bank for continuing to finance oil and gas projects.

Reuters

The newest fronts in climate-change-related legal battles

Climate change-related litigation has more than doubled in the past seven years globally according to a June report by the London School of Economics, and is moving beyond traditionally polluting industries such as fossil fuel production.

Radio France Internationale

French banks accused of ‘massively’ fuelling Amazon deforestation

French banks are “massively” financing deforestation in the Amazon rainforest and tropical Cerrado savanna – providing hundreds of millions of euros to Brazilian agribusiness giants responsible for driving forest loss over the past decade, a coalition of NGOs and media outlets has warned.

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Reuters

Factbox-The newest fronts in climate-change-related legal battles

Radio France Internationale

NGOs launch legal battle against French bank BNP over fossil fuel investment

BNP Paribas has been urged to cease its support for the expansion of fossil fuels by three NGOs who are threatening the banking giant with unprecedented legal action. The move came on the eve of the annual Climate Finance Day, hosted in Paris.

Evening Standard

Bank of England postpones next week’s interest rate decision after Queen’s death

A widely expected rise in interest rates has been put on hold due to the death of the Queen

The Guardian - UK

Fading global cooperation will make this crisis worse than the recession of 2008

The global financial crisis brought large economies together but the current crisis comes at a time of deep division

Benzinga

These 2 Under-The-Radar Stocks Traded More Than $1B Each Last Month

The month of July saw $37.3 billion in trading volume for stocks that trade on the OTCQK and OTCQB. While some of the stocks that trade over-the-counter are considered penny stocks based on their share price, they are also some of the largest companies in the world and represent a diverse…

Wales Online

Wealthy banker 'infuriated' because he was given a 'mere' £300,000 bonus

Fabio Filippi shouted at his bosses

The Independent UK

Banks far from hitting Paris climate targets, groups warn

Many of the world's biggest banks are falling far short of aligning their practices with the Paris Agreement goal of limiting the Earth's warming to 1.5 degrees Celsius above pre-industrial levels, a new report warns

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