100 Bad Credit Financing Mortgage

BNP Profit Rises 31% on Derivatives, Consumer Banking (Update7)

Aug. 2 (Bloomberg) -- BNP Paribas SA, France's largest bank by market value, said second-quarter profit climbed 31 percent as revenue from equity derivatives doubled and consumer banking earnings rose. The shares gained the most in almost 3 1/2 years.

Net income advanced to 1.9 billion euros ($2.44 billion) from 1.46 billion euros a year earlier, the Paris-based lender said today. It didn't provide earnings per share. Profit beat the 1.73 billion-euro median estimate of 13 analysts surveyed by Bloomberg News. Revenue increased 40 percent to 7.25 billion euros.

``These results are excellent, and I am optimistic for BNP for the coming quarters,'' said Emmanuel Soupre, who helps manage $19 billion, including BNP shares, at Banque de Neuflize Gestion in Paris. ``The corporate and investment bank is clearly in attack mode and is now a force to be reckoned with.''

Chief Executive Officer Baudouin Prot plans to hire 600 people this year for the investment banking unit, including 200 for equity derivatives, where BNP is trying to catch up with rival Societe Generale SA.

Warning: Bad credit can blacklist job seekers

Your credit rating. Most people only worry about it when they're applying for a mortgage or credit card. But did you know your bad credit rating could keep you from getting the job you want?

If you're applying for a high-security job or a position with heavy financial responsibilities, the way you have handled your personal finances can color your chances of being hired in these sensitive, accountable situations.

Why is it anyone's business if you have a little 'bounce' in your checks?

Credit rating and job performance -- what does one have to do with the other? Apparently, plenty.

Clifton O'Neal at TransUnion credit reporting agency in Chicago notes: "Studies have shown a correlation between how people manage personal affairs and their job performance, especially if they're in charge of financial information."

It's a fact -- companies are going to snoop into your background.

“As far as people wanting to promote certain brand names ...

“As far as people wanting to promote certain brand names, conspicuous consumption is absolutely present in Atlanta," he says. “I've got friends I've spoken to who will buy Lacoste polo shirts just for the alligator, just to let people know what they're wearing. I think, on a large-city perspective, it is about the same in Atlanta; I've lived in Chicago, worked in Boston, worked in Dallas, and I see some comparisons, but I've also lived in smaller cities where I don't think it's as prevalent. I think it's more of a larger city thing. I think in Buckhead in general it is greater, but even if you go to Little Five [Points], you'll see people wearing maybe different brands, but still wanting to promote a brand or an image."

Across Peachtree Road at Lennox Mall, shopper Kevin Anderle notes that while taking in an exhibit at the High Museum he couldn't help but notice a lot of trendy labels showing: Lacoste, Gucci, Armani Exchange.

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