Sources Say S&P Derivative Trades Cost BNP Paribas $80 Million -- Reuters

Date : 01/16/2019 @ 12:23AM
Source : Dow Jones News
Stock : Bnp Paribas (QX) (BNPQY)
Quote : 23.5  -0.45 (-1.88%) @ 9:58PM

Sources Say S&P Derivative Trades Cost BNP Paribas $80 Million -- Reuters

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-- France's largest bank, BNP Paribas SA, is said to have lost $80 million from derivative trades tied to the S&P 500 Index, Reuters reports Tuesday, citing "people familiar with the matter."

-- The bank's head of U.S. index trading, Antoine Lours, hasn't returned to the bank from his Christmas vacation yet, the report said.

-- Mr. Lours didn't respond to a request for comment sent to his LinkedIn account and a spokesman for BNP Paribas declined to comment, the report said.


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(END) Dow Jones Newswires

January 15, 2019 19:08 ET (00:08 GMT)

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