Sunday, May 6, 2012
BNP Paribas To Finish Restructuring In Coming Months
- New bank rules alter the way the economy is funded
-- Clear shift by corporates toward bond markets
-- BNP Paribas to focus on its fixed income business
(Adds comment and detail throughout.)
PARIS (Dow Jones)--BNP Paribas SA (BNP.FR) should complete its restructuring plan in coming months, freeing the French bank to focus on growing its presence in the currently booming fixed income market, Chief Executive Jean-Laurent Bonnafe told Dow Jones Newswires Friday.
Bonnafe said new rules that force banks to hold higher levels of capital to protect themselves against bad loans have altered the way corporations finance their ...
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