Julien Ponthus

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BNP Paribas Profit Beats Estimate As Bad Loan Provisions Dip

French bank BNP Paribas reported better-than-expected profit in the second quarter, after bad loan provisions dipped despite the economic slowdown and as businesses remained buoyant, particularly in its investment banking division.
Jul 29, 2022

BNP Paribas Thrived In Q2, Shares Jump

French bank BNP Paribas reported better than expected profit in the second quarter after bad loan provisions dipped and business remained buoyant in both investment and retail banking, amid torrid global markets and an economic slowdown.
Jul 29, 2022

Outgoing Socgen CEO Warm To Internal Successor, Union Says

The outgoing chief executive of Societe Generale is in favour of selecting an internal candidate to lead the French banking group for the next 10 to 15 years after he leaves, a union representative said after meeting Frederic Oudea.
May 19, 2022

Dollar Rally Stalls, Rivals Pursue Tentative Comeback

The dollar eased for a third straight day on Tuesday as a jump in sentiment across global markets encouraged investors to reinvest in riskier currencies and trim bets on the safe haven greenback which hit a two-decade high last week.
May 16, 2022

Euro Wavers As Traders Await EU Policy Response To War In Ukraine

The euro shed some of its overnight gains on Thursday after its steepest daily jump since 2016 as traders waited for a European Central Bank meeting and a European Union summit to shed light on the bloc's policy response to Russia's invasion of Ukraine.
Mar 09, 2022

Euro Extends Recovery As ECB Phases Out Stimulus

The euro on Thursday added to its overnight biggest daily jump since 2016 after the European Central Bank said it would phase out its stimulus package in the third quarter and left the door open to an interest rate hike before the end of 2022.
Mar 09, 2022

How A French Solo Trader Made A $6.6 Billion Unauthorized Bet

A self-employed trader in France accumulated stock futures worth $6.6 billion in a single day, trading records show, raising questions among investors about how he could build up such a large position despite having only 20,000 euros in his account.
Jun 23, 2018