Bnp Paribas (EU:BNP)
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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
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(END) Dow Jones Newswires
January 15, 2019 19:11 ET (00:11 GMT)
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