BNP Paribas has been present in the United States since the late 1800s and bancwest investment services first hawaiian bank has over 16,000 employees in North America. The region is a key hub for the Bank’s global network of 74 countries and 192,000 employees. BNP Paribas offers its clients a full range of services from investment and retail banking to asset management services. Institutional Banking provides capital markets, securities services, financing, treasury and advisory solutions.
The Bank’s services are provided via four core business lines: Global Markets, Securities Services, Financing Solutions and Advisory. Retail Banking in the US includes both branch networks and a range of other specialized financial services. We also offer integrated investment services available from BNP Paribas for private and institutional investors, including Asset Management and Real Estate services through Transwestern. Tennis and BNP Paribas in the US As part of BNP Paribas’ worldwide commitment to tennis, the Bank is a major sponsor of the sport in the US. BNP Paribas is the title sponsor of the BNP Paribas Open, one of the most-attended tennis tournament in the world. As the bank for a changing world, diversity is an integral part of our vision. BNP Paribas in the US is committed to promoting and maintaining a diverse, inclusive, and stimulating work environment where employees are treated with dignity and respect.
BNP Paribas is a French international banking group with a presence in 75 countries. With both a retail banking section and investment banking operations, the bank is present on all five continents. BNP Paribas is the largest French banking group and the largest bank in the Eurozone. It became one of the five largest banks in the world following the 2008 financial crisis.
The Banque Nationale de Paris S. The Banque de Paris et des Pays-Bas S. Paribas, was formed from two investment banks based respectively in Paris and Amsterdam, in 1872. In May 2000, BNP and Paribas merged to form BNP Paribas, which is thus descended from four founding banking institutions. The upheaval destroyed the old credit system, which was already struggling to provide sufficient capital to meet the demands of the railway boom and the resulting growth of industry.
The former banks headquarter and staff were used to create BNCI with fresh capital of 100 million francs. After the end of the Second World War, the French state decided to “put banks and credit to work for national reconstruction”. René Pleven, then Minister of Finance, launched a massive reorganization of the banking industry. The bank was re-privatised in 1993 under the leadership of Michel Pébereau as part of a second Chirac government’s privatization policy.
During the period 1872 to 1913, it was involved in raising funds for the French and other governments as well as big businesses through a number of bond issues. It helped the French government raise funds during the First World War and raised further capital and expanded into investments into industrial companies during the Great Depression. After World War II, it missed the nationalisation of the other French banks due to its status as an investment bank and managed to take advantage of that by expanding its operations overseas. The bank was nationalized in 1982 by the government of Pierre Mauroy under François Mitterrand as part of a law that nationalized five major industrial companies, thirty-nine registered banks, and two financial companies, Suez and Paribas. It was re-privatized in January 1987 by the Chirac government. In the 1990s, Paribas had an active policy of acquisitions and divestiture.
This included selling the Ottoman Bank to Doğuş Holding, and setting up the joint venture lending company Cetelem in Germany. In 1999, BNP and Société Générale fought a complex battle on the stock market, with Société Générale bidding for Paribas and BNP bidding for Société Générale and counter-bidding for Paribas. BNP’s bid for Société Générale failed, while its bid for Paribas succeeded leading to a merger of BNP and Paribas one year later on 22 May 2000. On 9 August 2007, BNP Paribas became the first major financial group to acknowledge the impact of the sub-prime crisis by closing two funds exposed to it. This day is now generally seen as the start of the credit crisis and the bank’s quick reaction saved it from the fate of other large European banks such as UBS. Luxembourg, in exchange for the Belgian government becoming the new group’s major shareholder.