BNP Paribas (BNPQY.PK) joins other EU lenders in slashing jobs as they seek to cut costs and...

|About: BNP Paribas ADR (BNPQY)|By:, SA News Editor

BNP Paribas (BNPQY.PK) joins other EU lenders in slashing jobs as they seek to cut costs and raise capital. BNP will cut 1,396 positions - roughly 6.5% of its staff - from its corporate and investment bank, a division that is struggling due to the difficult financial markets.