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Greek regulator fines BNP Paribas '860,000.
(From Financial News (Daily))
The Hellenic Republic Capital Market Commission, the Greek securities regulator, has fined BNP Paribas '860,000 ($846,775) for allegedly using insider information ahead of a sale of shares in Alpha Bank, the Greek firm.The regulator said that on July 19 last year there were rumours in the market of a joint venture between the French bank and Alpha which caused Alpha's share price to rise 9.3%.
The commission then found that BNP Paribas sold 234,825 Alpha shares the next day on behalf of parties linked to the French bank. BNP Paribas allegedly did not release an announcement ...
- Greek regulator fines BNP Paribas [euro]860,000.
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