BNP Paribas brings forward BoE rate hike call to Feb
BNP Paribas is expecting that the Bank of England is to raise UK interest rate hikes by 0.25%. And that too by next month. This is early when compared to the early forecast in May. The bank‘s chief European economist Paul Hollingsworth said in a research note that with the Covid backdrop improving and inflation continuing to surprise […]
BNP beats Q3 expectations
France’s biggest listed lender BNP Paribas posted a better-than-expected third-quarter profit. This is on lower provisions for pandemic-related loan losses. BNP Paribas thrived on the economic rebound. This is to release cash set aside for pandemic losses. BNP Paribas reported a 32.2% rise in net income from a year ago to 2.50 billion euros. This […]