France’s biggest bank, BNP Paribas, did not win the hearts of investors in 2017. Shares of the company ended slightly lower than at the beginning of the year, as the bank endured a slight dip in revenue in its French retail banking segment partly due to low interest rates. Also weighing BNP Paribas down: a slowdown in trading. Revenue from its fixed Income, currencies, and commodities businesses slid 8.6% to about $4.1 billion for the year.
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News about BNP Paribas
Cost structures and non-bank competition are at least partially to blame. But it's complicated.
Foreign-denominated debts aren't helping.
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The existence of such evidence is the reddest of red flags.
Leaving the firm with slightly more than 200 bankers across Asia outside Japan.