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BNP Paribas has a strong quarter, cost/income ratio improves

Europe’s largest bank, BNP Paribas, has reported a 15% increase in net income this quarter and net profit of £ 2.6 billion. Unlike many of its peers, BNP paribas’ investment banking business had a strong showing although capital market revenues were down by as much as 14% from the previous quarter. Assets under management at the private banking business grew…

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