$BNP.PA

HSBC is in preliminary talks with investors on a potential significant risk transfer (SRT) tied to an Asia-Pacific loan portfolio, potentially involving Hong Kong, Singapore, India and Australia, with completion possibly later in 2025, according to people familiar. Standard Chartered is considering a Chakra SRT linked to about US$2 billion of global corporate loans. SRTs manage default risk and free regulatory capital.

The Federal Reserve ended a nearly decade-old cease-and-desist enforcement action against BNP Paribas and its U.S. subsidiaries tied to FX price-fixing and weak internal controls. The Fed had previously cited fake trades and customer info misuse (per New York DFS). BNP Paribas USA pleaded guilty and paid $90M; earlier penalties included $350M (NY) and $246M (Fed).

The article says Christopher Krieg, an ex-Exane partner who later worked at BNP Paribas as a managing director, is leaving BNP and returning to Deutsche Bank. It notes Deutsche Bank declined to comment and his new role is unclear. It also mentions Deutsche’s equity capital markets business and prior resignations at BNP.