AFP/File – The building containing the office of BNP Paribas Private Bank (Japan) Limited in Tokyo in 2003. Japan's … TOKYO (AFP) – Japan's financial regulator on Friday ordered French bank BNP Paribas to suspend part of its operations in the country for two weeks for manipulating stock prices and submitting an inaccurate report. The Financial Services Agency (FSA) instructed the bank to halt business by its derivatives division from November 2 to November 16, and to "clarify the responsibility of the management and staff regarding the violation." Japan's securities watchdog had last week recommended disciplinary action against BNP Paribas for falsifying a document relating to now-bankrupt property developer Urban Corp and for manipulating stock prices. A trader at the bank sent a massive buy order for a stock on the Tokyo... [read full story]
