BNP Plans Up to 675 Job Cuts at Investment-Banking Division

  • Voluntary departures plan part of CIB cost-cutting effort
  • BNP Paribas CIB unit employs more than 30,000 globally

BNP Paribas SA plans to eliminate as many as 675 positions at its French investment-banking division, or about 11 percent of the unit’s workforce in the country, as regulators increase scrutiny of riskier activities.

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