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3 of Top 5 Donors Make Largest 50 Givers List

A Billion Dollars

The Chronicle of Philanthropy's 2012 list of Top 50 Most Generous Donors shows that three of the top five donors are under 40 - by far the largest number of young donors at the top ever. They gave close to $1bn in 2012.

BNP Paribas to Focus On Asia, US As Europe Slows

European Flag

BNP Paribas said it would kick off a three-year plan designed to save 2 billion euros ($2.69 billion) in costs annually after its fourth-quarter profits were hit by Europe's low-growth economic environment.