BNP Paribas  completely eliminated its distressed finance group, a spokeswoman confirmed.

The distressed finance group was cut within the last two weeks. Staff from that group have either been laid off or assigned elsewhere. The group was founded only this past September.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.