Topic: BNP Paribas SA

BNP Paribas freezes security funds

BNP Paribas Freezes 3 Securities Funds Amid Subprime Market ProblemsA major French bank, BNP Paribas, announced Thursday that it was suspending three of its asset-backed securities funds, saying it could no longer value them accurately because of problems in the U.S. subprime ...