Correct: Sources Say S&P Derivative Trades Cost BNP Paribas $80 Million -- Bloomberg

Date : 01/16/2019 @ 12:26AM
Source : Dow Jones News
Stock : Bnp Paribas (QX) (BNPQY)
Quote : 23.7  0.2 (0.85%) @ 9:46PM

Correct: Sources Say S&P Derivative Trades Cost BNP Paribas $80 Million -- Bloomberg

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("Sources Say S&P Derivative Trades Cost BNP Paribas $80 Million -- Reuters," at 6:53 p.m. EST, misstated the news agency, which was Bloomberg.)

 

-- France's largest bank, BNP Paribas SA, is said to have lost $80 million from derivative trades tied to the S&P 500 Index, Bloomberg 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.

 

Full story: https://www.bloomberg.com/news/articles/2019-01-15/bnp-said-to-lose-80-million-on-s-p-500-linked-derivative-trades

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

January 15, 2019 19:11 ET (00:11 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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