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BNP sees 72% drop in Q3 profit after Greek haircut deal

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Thu, 03 Nov 11 3:41 PM | 163 view(s)
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Update: 03/11/2011 - banking - BNP Paribas - debt - eurozone - France - Greece

BNP sees 72% drop in Q3 profit after Greek haircut deal

French banking giant BNP Paribas announced on Thursday that its net profit plummeted 72% in the third quarter after it adjusted for expected losses of 60% on its Greek bonds following a eurozone deal last week for banks to take losses on Greek debt.

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http://www.france24.com/en/20111103-bnp-paribas-drop-profit-greek-haircut-deal-losses-eurozone-economy-banking




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