BNP Paribas in UK contract shift

French bank BNP Paribas is forcing some long-standing London-based “expat” traders to choose between returning to Paris or losing their expat status by switching to a UK contract, the bank said yesterday. A bank spokesman said the change would result in “equitable treatment” for the expats relative to some 400 French BNP Paribas traders in London who already work under UK contracts.