AFP/File – French bank BNP Paribas is suspected of manipulating stock prices on the Tokyo market and may face a … TOKYO (AFP) – French bank BNP Paribas is suspected of manipulating stock prices on the Tokyo market and may face a "severe" punishment by Japan's financial watchdog, a report said Thursday. The Tokyo branch of BNP Paribas Securities (Japan) Ltd. allegedly manipulated the stock price of Internet and telecommunications giant Softbank Corp. and disrupted trading on the Tokyo bourse, the Asahi Shimbun said. The Securities and Exchange Surveillance Commission is probing the French company and plans to ask the Financial Services Agency (FSA) to take administrative action, the daily said without naming its sources. The... [read full story]
