BNP Paribas is a French international banking group, founded in 2000 from the merger between Banque Nationale de Paris and Paribas, formerly known as the Banque de Paris et des Pays-Bas.
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In 2006, BNP Paribas purchased Banca Nazionale del Lavoro, Italy's sixth largest bank.
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On 9 August 2007, BNP Paribas became the first major financial group to acknowledge the impact of the sub-prime crisis by closing two funds exposed to it.
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BNP Paribas reached an agreement in December 2013 to acquire Rabobank's Polish unit BGZ Bank for around $1.
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In September 2014, BNP Paribas completed the purchase of BGZ Bank for a final fee stated in the media to be $1.
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In December 2021, BNP Paribas announced to exit US retail banking business by selling its Bank of the West to the Bank of Montreal for $16.
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On 1 July 2014, BNP Paribas pled guilty in a New York state court to falsifying business records as well as conspiracy in connection to those falsifications.
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BNP Paribas was barred for one year under the plea agreement from certain US dollar-dominated transactions.
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Additionally, BNP Paribas continued to process sanctioned transactions after the investigation began.
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BNP Paribas said the large fine and the imposition of sanctions on the French bank were the result of US displeasure with France's decision not to stop the sale.
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Armin S is cited with the words "I don't think it's fair if on the one hand, BNP wants to rely on statutory safeguard clauses but on the other hand they ignored all control-tasks imposed by the regulators – ECB, BaFin and AMF – for a whole week".
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BNP Paribas's sponsorship expanded to the United States in 2009 when it became the title sponsor of the Indian Wells Masters, an ATP World Tour Masters 1000 two-week tournament in California.
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