Bloomberg News

BNP Paribas Will Withhold Some Deferred Pay, Le Figaro Says

March 05, 2012

BNP Paribas (BNP) SA will pay a zero bonus to some traders and bankers and will also use its right to withhold some performance-related deferred pay, French daily Le Figaro reported, without saying where it got the information.

BNP employees may get their bonus information on March 9, according to the newspaper. Their counterparts at Societe Generale (GLE) SA will get the news today, Le Figaro said.

To contact the editor responsible for this story: David Whitehouse at dwhitehouse1@bloomberg.net


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