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BNP reaches work from home deal with 132,000 employees

  Bloomberg BNP Paribas SA reached one of the most comprehensive work-from-home deals among major banks, with more than 132,000 employees given the option of doing their jobs from home for up to half the week. Staff in 22 countries across Europe can decide to work from home every week for as much as 2.5 days or to adopt a ...

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Credit Agricole takes 9.2% stake in Italy’s Banco BPM

  Bloomberg Credit Agricole SA acquired a minority stake in Italy’s Banco BPM SpA, in a deal that may spark speculation it is aiming for a full takeover. The French bank said it has built a 9.18% holding in Banco BPM. It’s not applied for authorization from regulators to increase its holding above 10%, according to a statement. Consolidation of ...

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A $430 billion habit got Japan’s central bank hooked on ETFs

Bloomberg In most of the world, exchange-traded funds (ETFs) are simply tools that allow investors to track a certain set of stocks. In Japan, they’ve been saddled with everything from propping up the market and boosting inflation, to accelerating economic growth, improving corporate governance and even encouraging gender equality. Such wide-ranging goals have led the Japanese central bank to amass ...

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