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Topic: Baudouin Prot


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  BNP to cut costs in European equities.htm in Business Recorder on February 07, 2003   (Site not responding. Last check: 2007-11-07)
Baudouin Prot, chief operating officer of France's largest bank by market value, told reporters that cost cuts would be between five and 10 percent in equities trading and research.
Prot was speaking a day after BNP Paribas posted a 20 percent drop in fourth quarter profit to 696 million euros ($756 million) and sounded a cautious note for 2003 given expectations for further economic weakness.
Prot said the level of job cuts could be similar to last year, which were roughly around five percent of the division's workforce, according to banking industry sources.
www.paksearch.com /br2003/Feb/7/BNP%20to%20cut%20costs%20in%20European%20equities.htm   (586 words)

  
 Protèle
Pour son premier anniversaire aux commandes, Baudouin Prot, le directeur général de BNP Paribas, a toutes les raisons d'être satisfait :...
Sur proposition de Baudouin Prot, le Conseil d'administration a nommé Georges Chodron de Courcel et Jean Clamon, Directeurs Généraux délégués et...
Comme le rappelle Baudouin Prot, le directeur général de BNP Paribas, au Financial Times, le premier groupe financier de la zone euro attend de connaître le...
specieslist.com /endangered/common_name/P/Prot%e8le.shtml   (2084 words)

  
 Bahrain, France emphasise Islamic-European dialogue - Zawya.com | Middle East Business News
The Crown Prince also visited Paribas Bank and discussed with the CEO, Baudouin Prot, and the Regional Director, Jean Durand, the bank's activities in the region in general and in Bahrain in particular.
Prot thanked Shaikh Salman for the attention the bank has been receiving in Bahrain, which, he stressed, enabled it to achieve success.
Shaikh Salman emphasised the depth of bilateral relations and Bahrain's keenness to develop cooperation in the financial sector and lauded the bank's contributions to the consolidation of bahrain's infrastructure.
www.zawya.com /Story.cfm?storyid=ZAWYA20050621074154   (466 words)

  
 Corporate Governance : Remunerations | BNP Paribas Bank
At its meeting of 29 July 2003, the Compensation and Nominations Committee decided to raise Baudouin Prot's fixed annual salary to EUR 730,000 from EUR 533,572 as from 13 June 2003.
Michel Pébereau's deferred remuneration amounted to EUR 217,062 and that of Baudouin Prot and Dominique Hoenn came to EUR 128,370.
(7) Baudouin Prot's fixed annual salary was raised to EUR 730,000 from EUR 533,572 as from 13 June 2003.
www.bnpparibas.com /en/group/remunerations.asp   (1954 words)

  
 Budget-Net
On Baudouin Prot's recommendation, the Board of Directors has appointed Georges Chodron de Courcel and Jean Clamon Chief Operating Officers and corporate representatives.
Prot at this time in order to organize the advent of the next generation under the best conditions and at the most opportune time.
The members of the Board were unanimous in praising the exemplary nature of this corporate governance decision, as well as the immensity of Mr.
www.budget-net.com /map/show/2641/src/1242011.htm   (647 words)

  
 Bank chief lambasts rival managements
BAUDOUIN PROT, chief executive of Banque Nationale de Paris, yesterday launched a scathing attack on the management of Paribas and Société Générale,
Mr Prot described the management of the banks, which favour a two-way merger, as "shareholder unfriendly.
Mr Prot challenged SocGen's assertion that it is a better-run bank.
www.opinion.telegraph.co.uk /htmlContent.jhtml?html=/archive/1999/07/16/cnbnp16.html   (319 words)

  
 [No title]
Last updated: October 8 2004 07:39 When Michel Pébereau handed over the reins as chief executive of BNP Paribas to his deputy Baudouin Prot last summer, it was more a case of plus ça change than a radical revolution at the top of the eurozone’s biggest bank by market capitalisation.
Mr Prot says he is not worried by the prospect of BNP losing its crown as the eurozone’s biggest bank by market capitalisation to Santander Central Hispano after the Spanish bank’s takeover of the UK’s Abbey National.
Mr Prot is rumoured to have examined a merger with Dresdner Kleinwort Wasserstein, the investment banking business of Germany’s Dresdner Bank.
courses.wcupa.edu /rbove/eco343/040Compecon/France/041008BankRep8.txt   (936 words)

  
 CEO-DIRECT-transcript
Baudouin Prot (BP) : First, our revenues went up 5%, which I think is good.
Keeping in mind that, even if we do very much stress the importance of growing revenues, we also want to keep the return on equity at group level above 15% every year, unless there is a major crisis.
EBM : Baudouin Prot, CEO of BNP Paribas, thank you very much.
www.eurobusinessmedia.com /transcript.php?id_article=70   (827 words)

  
 Nieuwsselectie: Economie
Directeur Baudouin Prot van BNP zei in een commentaar op de uitslag dat zijn bank toch voldoende macht over SG zou kunnen uitoefenen omdat BNP de grootste aandeelhouder wordt.
Prot had er vertrouwen in dat hij de Franse toezichthouder op de banken CECEI kan overhalen alsnog een voor BNP gunstige beslissing te nemen over de toekomst van SG.
Maar de directie van SG verzet zich daar hevig tegen en wijst er op dat BNP minder dan eenderde van het stemrecht binnen SG in handen krijgt.
www.nrc.nl /W2/Nieuws/1999/08/16/Eco/01.html   (502 words)

  
 Bloomberg.com: Top Worldwide
BNP Paribas Chief Executive Officer Baudouin Prot, 53, lowered loan-loss provisions for the last four quarters, boosting profit and countering slower revenue growth.
Prot has also made consumer- lending acquisitions abroad to spur growth and reduce dependence on more volatile investment-banking earnings.
Fourth-quarter group revenue rose 12 percent to 4.92 billion euros, boosted by a 39 percent increase from the asset management division and a 6.3 percent rise at the corporate and investment bank.
www.bloomberg.com /apps/news?pid=10000087&sid=anxvBUM61.sM   (502 words)

  
 Board Europe May/June 2005 - The Conference Board   (Site not responding. Last check: 2007-11-07)
He was joined on the speaking platform by: Pierre Simon, Chamber President; Richard Cavanagh, President and Chief Executive Officer, The Conference Board; Gail Fosler, Executive Vice President and Chief Economist, The Conference Board; Bertrand Collomb, Chairman, Lafarge Group; and Baudouin Prot, Chief Executive Officer, BNP Paribas.
Baudouin Prot, Chief Executive Officer of BNP Paribas, said that the bank had invested more than $6 billion to build its presence in the western states of America.
Mr Prot believes that the long-term economic outlook for the United States is promising, partly for demographic reasons.
www.conference-board.org /publications/boardeurope/may2005_transatlantic.cfm   (1032 words)

  
 Euro Disney stock slumps on profit warning, debt deal delay - EUbusiness   (Site not responding. Last check: 2007-11-07)
But it said in a statement that some creditors had not agreed to the arrangements and that further negotiations would be held between the company, the parent group The Walt Disney Company, and creditors.
The managing director of French BNP Paribas bank, Baudouin Prot, said he was "confident" that Euro Disney would reach agreement on debt restructuring within the new deadline.
The company had warned in August of last year that it would not be able to respect some of its loan obligations in 2003 and 2004.
www.eubusiness.com /afp/040802084723.o9f67yqu   (486 words)

  
 Xak.com: BNP Paribas offers $1.4bn for Commercial Federal
Baudouin Prot, chief executive of BNP, said the acquisition of Commercial Federal, based in Omaha, Nebraska, "conforms with our disciplined approach, presenting limited execution risk and allowing us to create value from the first year: 2006."
Mr Prot has highlighted US retail banking as one of BNP's main focuses for expansion.
Mr Prot declined to comment on the specific rumours.
www.xak.com /main/newsshow.asp?id=47051   (510 words)

  
 www.estrelladigital.es - El Presidente del BNP Paribas dimite como consejero delegado y nombra como número dos a ...   (Site not responding. Last check: 2007-11-07)
El nuevo consejero delegado será Baudouin Prot, hasta ahora director general de la entidad y su hombre de confianza con quien ha llevado al Banco al liderato que ejerce hoy en la banca francesa.
El nuevo consejero delegado será Baudouin Prot, hasta ahora director general de la entidad.
Para la entidad el cambio no supone una retirada de su actual presidente, sino que se realiza para adpatarse a la costumbre de la gran mayoría de bancos de la competencia en Europa, donde está diferenciada la función de la presidencia del consejo con la ejecutiva de consejero delegado.
www.estrelladigital.es /articulo.asp?sec=eco&fech=15/05/03&name=bnp   (237 words)

  
 BNP Paribas seeking further US/Europe acquisitions - CEO - Forbes.com   (Site not responding. Last check: 2007-11-07)
BNP previously announced plans to spend 7 bln eur in 2005-2007 on acquisitions and Prot said the year to date total is now 1.7 bln.
Prot said his investment strategy is 'certainly not the most spectacular but it has a dual function, a strong potential for development and limited risk in execution.'
Prot contrasted a US rich in opportunities with a Europe where there are 'very few possibilities for acquisitions and far lower synergies.'
www.forbes.com /home/feeds/afx/2005/06/14/afx2091638.html   (487 words)

  
 BNP will not seek takeover of BHW, but interested in Egyptian bank - Zawya.com | Middle East Business News
Paris - French banking group BNP Paribas has decided against submitting a takeover offer for German rival BHW but is maintaining an interest in acquiring Egyptian Misr International Bank, BNP general director Baudouin Prot said in Paris on Wednesday.
Prot also said that BNP Paribas would be "a candidate for majority control of [Misr International Bank], which is up for sale" and that "if we acquire this bank it will complete our Egyptian network".
But he cautioned that the "matter is not finished, and we will see where we are in the coming weeks".
www.zawya.com /story.cfm/sidZAWYA20050807072818   (307 words)

  
 The Scotsman - Business - BNP chief rules out big cross-border mergers   (Site not responding. Last check: 2007-11-07)
BNP Paribas’s chief executive played down the likelihood of big mergers between European banks as he announced record second-quarter profits at France’s largest bank.
Baudouin Prot, who has made a string of smaller acquisitions since taking over at BNP last year, said: "Cross-border operations in Europe remain difficult to organise or justify as there has not really been any progress in the harmonisation of retail banking regulation."
He said the bid by Spain’s Santander for Abbey was unlikely to trigger a chain reaction of consolidation in Europe.
thescotsman.scotsman.com /business.cfm?id=887362004   (223 words)

  
 Bloomberg.com: Europe   (Site not responding. Last check: 2007-11-07)
Almost two-thirds of the $10 billion BNP spent on purchases in the past five and a half years has been in the U.S. Prot said rising interest rates and prices for banks there may ``negatively impact'' BNP's U.S. expansion plans.
Prot also ruled out any acquisitions in France for the time being.
BNP ``would be ready to consider'' more acquisitions in Germany, Prot said.
quote.bloomberg.com /apps/news?pid=10000085&sid=av8phjXNOEIc&refer=europe   (957 words)

  
 Financial Review: Profits surge at French bank   (Site not responding. Last check: 2007-11-07)
BNP Paribas chief executive officer Baudouin Prot said third-quarter revenues were driven by organic growth in its business lines and by the integration of acquisitions and mergers.
"This dynamic, combined with the continued cost-cutting and risk-controlling efforts, explains the sharp rise in operating income," said Mr Prot.
He told BFM radio the banking group will keep looking closely at acquisition opportunities in the United States.
afr.com /cgi-bin/newtextversions.pl?pagetype=printer&path=/articles/2003/11/06/1068013290004.html   (504 words)

  
 The Week in Risk: The Week in Market Risk, 05 November 2004
HVB was not alone: both Credit Suisse and BNP, both of which reported healthy numbers this week, said that bankers' tough third quarter probably won't pick up much as the year draws to a close.
BNP chairman Baudouin Prot said that high oil prices, low volatility and the European economy's stagnation should lead investors to revise their expectations of the banking sector.
Credit Suisse said growth would have to be delivered by internal means rather than hoping for an upturn in volumes; it did not rule out the possiblity that it might sell off its CSFB investment banking unit.
www.bankingrisk.com /weekly/archives/2004/11/05/the_week_in_market_risk_05_november_2004   (838 words)

  
 French bank plans China expansion
Prior to the move, BNP Paribas (China) Ltd, a wholly-owned subsidiary of BNP Paribas after it acquired the other 50 per cent stakes from its joint venture partner the Industrial and Commercial Bank of China (ICBC) last November, has already been granted a licence to offer renminbi services in Shanghai and neighbouring regions since 1997.
"We really hope that BNP Paribas will be one of the first, if not the first, foreign banks to offer renminbi business in our Beijing branch," said Baudouin Prot, chief executive officer of BNP Paribas.
According to CBRC statistics, 100 foreign financial institutions or their branches had been allowed to carry out renminbi business in China by July, taking 50 per cent of the agencies set up by foreign banks in China.
www.chinatradeonline.org /english/e-pro/newsContentEn.asp?NewsNO=3018   (470 words)

  
 Boston.com / Business / BNP Paribas earnings up 69 percent in 3Q
In Wednesday's statement, BNP Paribas chief executive Baudouin Prot attributed the improved earnings to tighter control of costs and risk as the French bank shrugged off the impact of a weak U.S. dollar and signs of a slowing domestic economy.
BNP Paribas is well placed to benefit from a U.S.-led global recovery, Prot said, adding that conditions in Europe remain "unfavorable."
This material may not be published, broadcast, rewritten, or redistributed.
www.boston.com /business/articles/2003/11/05/bnp_paribas_earnings_up_69_percent_in_3q   (273 words)

  
 FT.com / By industry / Financial services - BNP Paribas rules out cross-border deal   (Site not responding. Last check: 2007-11-07)
BNP Paribas will focus on smaller targeted acquisitions instead of “extremely complex and expensive” cross-border takeovers of big retail banks, declared Baudouin Prot, chief executive of the French bank.
Speaking on Wednesday as BNP announced a 4.7 per cent rise in net profits to €1.46bn in the second-quarter, Mr Prot said he had decided against bidding for BHW, the German building society.
“We took a good look and have decided not to be a candidate,” said Mr Prot.
news.ft.com /cms/s/53bd5dfa-040c-11da-a775-00000e2511c8.html   (121 words)

  
 Chinainvest
Huang made the remarks during a meeting with Baudouin Prot, chief executive officer (CEO) of the BNP Paribas, the largest French banking group and the first European bank which set up a representative office in Beijing back in 1980.
At present, Huang noted, China's economy still maintains a good momentum for growth, reform in the banking sector has further sped up, and substantial progress have been made in the reform of State-owned commercial banks, all these provide important business opportunities for foreign financial companies, he said.
Baudouin Prot appreciated China for the achievements it had made in its economic development and financial reform, saying that the BNP Paribas confides in exploring further in the Chinese market.
www.chinainvest.com.cn /E/invest/weekly/W20041112-01.html   (196 words)

  
 BNP names Paribas merger team, striking a conciliatory note on pact   (Site not responding. Last check: 2007-11-07)
In a statement, the two banks said the committee would be headed up jointly by BNP's number two Baudouin Prot and senior Paribas board member Dominique Hoenn.
There are also important jobs on the new committee for Paribas board members Jean Clamon, Philippe Blavier, Bernard Muller and Amaury-Daniel de Seze as well as for chairman of the board Michel-Francois Poncet.
Aside from Prot, BNP's Georges Chodron de Courcel, Bernard Lemee, Vivien Levy-Garboua and Alain Moynot all feature on the committee.
www.indianexpress.com /fe/daily/19990903/fco03020.html   (413 words)

  
 Industry News Article   (Site not responding. Last check: 2007-11-07)
"We're in talks," the bank's chief executive, Baudouin Prot, said late Wednesday in an interview at the bank's office in New York.
Under Prot, BNP Paribas has spent $2.8 billion since the start of last year buying U.S. banks, including Commercial Federal of Omaha, Nebraska, in June.
He expects the bank to keep "looking actively" in the United States early next year, adding that he favors the United States because of its rising population, economic growth, financial stability and, unlike Europe, its lack of regulatory privileges for some competitors.
www.asia-links.com /news/article.asp?articleid=16139   (605 words)

  
 BW Online | February 23, 2004 | Bargain-Sniffing In The States
France's BNP Paribas, the Netherlands' ABN Amro (ABN), and Spain's BBVA are three of the Continental banks said to be seeking purchases stateside.
On Feb. 5, BNP Chief Executive Baudouin Prot said the bank is "actively searching for acquisitions" in the U.S., where it already owns Honolulu-headquartered BancWest Corp. "There are numerous possibilities of various sizes," he added.
BNP's Prot says that his bank could easily come up with $6 billion to $8 billion "to invest in creating shareholder value." Analysts calculate that RBS is generating excess capital at the rate of $4.5 billion a year.
www.businessweek.com /magazine/content/04_08/b3871162_mz035.htm   (1343 words)

  
 Bloomberg.com: U.S.   (Site not responding. Last check: 2007-11-07)
Chief Executive Officer Baudouin Prot said last month that BNP has as much as 6 billion euros ($7.4 billion) to spend on takeovers and share repurchases and that an expansion in the western U.S. would be a priority for 2004.
BNP may consider purchases to boost its consumer lending, car financing, or church lending activities, Prot told the French weekly newspaper.
The bid, which is conditional on approval by Community First shareholders and federal and state banking regulators, is expected to close in the third quarter of 2004, BNP said.
quote.bloomberg.com /apps/news?pid=10001061&sid=aq5Ho_GJ9A18&refer=movers_by_index   (780 words)

  
 Company News On Call
The Annual General Meeting will also propose ratification of the appointment of M. Olivier Steimer, member of the Executive Board of Credit Suisse Private Banking, to the Board as well as the following current board members: M. Giorgio Frasca, Chairman of Fiat France S.A., M. Antoine Jeancourt-Galignani, Chairman of AGF (Assurances Generales de France), M.
Baudouin Prot, Managing Director of BNP (Banque Nationale de Paris) and M.
These current board members who previously represented their company will now be appointed in an individual capacity.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=105&STORY=/www/story/04-20-1998/0000635448   (162 words)

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