BNP Paribas' investment bank shines in gloomy quarter

The French bank posted a record quarterly loss at group level, but its capital markets businesses enjoyed a strong second quarter

BNP Paribas may have posted a record quarterly loss at group level in the second quarter, but its capital markets businesses - led by its fixed income business - enjoyed a solid three months.

The French bank Thursday announced a loss of €4.3 billion at group level, following one-off costs of €5.95 billion relating to financial penalties and a remediation plan in response to violations relating to US sanctions.

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