First Hawaiian Bank parent posts lower profit - Hawaii News Now - KGMB and KHNL

First Hawaiian Bank parent posts lower profit

Paris-based BNP Paribas,which owns First Hawaiian Bank, reports its fourth quarter profit fell a third to $514 million euros, little better than half what analysts expected, and announced a plan for global cutbacks.

The cutbacks are not expected to touch First Hawaiian Bank, which has reported higher profits. BNP Paribas said some of its own more successful divisions would expand, especially divisions in the Asia-Pacific region, where it plans to add more than 1,000 employees to its current work force of 8,000. BNP Paribas is active in China, Hong Kong, Singapore, Japan, Korea and other Asian markets.

The French economy shrank 3 percent in the same quarter. BNP Paribas is the largest bank in France. The second largest, Society Generale, posted a loss.

Copyright 2013 Hawaii News Now. All rights reserved. 

  • Hawaii News Now headlinesNewsMore>>

  • Smoking hits new low; about 14 percent of US adults light up

    Smoking hits new low; about 14 percent of US adults light up

    Tuesday, June 19 2018 1:10 AM EDT2018-06-19 05:10:52 GMT
    Thursday, June 21 2018 11:58 PM EDT2018-06-22 03:58:43 GMT
    (AP Photo/Rich Pedroncelli, File). FILE - In this June 22, 2012, file photo, a smoker snuffs out a cigarette at the Capitol in Sacramento, Calif. The rate of smoking among adults in the U.S. fell to about 14 percent in 2017, according to new data relea...(AP Photo/Rich Pedroncelli, File). FILE - In this June 22, 2012, file photo, a smoker snuffs out a cigarette at the Capitol in Sacramento, Calif. The rate of smoking among adults in the U.S. fell to about 14 percent in 2017, according to new data relea...
    Smoking by US adults hits another all-time low; about 14 percent smoke cigarettes.More >>
    Smoking by US adults hits another all-time low; about 14 percent smoke cigarettes.More >>
  • Immigrant kids seen held in fenced cages at border facility

    Immigrant kids seen held in fenced cages at border facility

    Monday, June 18 2018 9:00 AM EDT2018-06-18 13:00:17 GMT
    Thursday, June 21 2018 11:58 PM EDT2018-06-22 03:58:38 GMT
    (U.S. Customs and Border Protection's Rio Grande Valley Sector via AP). In this photo provided by U.S. Customs and Border Protection, a U.S. Border Patrol agent watches as people who've been taken into custody related to cases of illegal entry into the...(U.S. Customs and Border Protection's Rio Grande Valley Sector via AP). In this photo provided by U.S. Customs and Border Protection, a U.S. Border Patrol agent watches as people who've been taken into custody related to cases of illegal entry into the...
    Hundreds of unaccompanied child immigrants arrested at the U.S. border are being held in metal cages at a family detention facility in McAllen, Texas.More >>
    Hundreds of unaccompanied child immigrants arrested at the U.S. border are being held in metal cages at a family detention facility in McAllen, Texas.More >>
  • 'Papa! Papa!' Audio of children stokes rage over separation

    'Papa! Papa!' Audio of children stokes rage over separation

    Tuesday, June 19 2018 1:20 AM EDT2018-06-19 05:20:32 GMT
    Thursday, June 21 2018 11:58 PM EDT2018-06-22 03:58:10 GMT
    (U.S. Customs and Border Protection's Rio Grande Valley Sector via AP). In this photo provided by U.S. Customs and Border Protection, a U.S. Border Patrol agent watches as people who've been taken into custody related to cases of illegal entry into the...(U.S. Customs and Border Protection's Rio Grande Valley Sector via AP). In this photo provided by U.S. Customs and Border Protection, a U.S. Border Patrol agent watches as people who've been taken into custody related to cases of illegal entry into the...
    An audio recording that appears to capture the heartbreaking cries of small Spanish-speaking children being processed by U.S. officials stoked the uproar over the policy of separating immigrant children from their...More >>
    An audio recording that appears to capture the heartbreaking cries of small Spanish-speaking children being processed by U.S. officials stoked the uproar over the policy of separating immigrant children from their parents.More >>
Powered by Frankly