Casino Report On 3 French Banks: BNP Paribas, Credit Agricole, Societe Generale

Let’s take a brief look at the balance sheets of three prominent French banks.

Reader Lars from Norway sent me his “casino” findings on three French banks. He defines”Casino” holdings as derivatives and proprietary trading as opposed to loans and deposits.

Lars comments “BNP is the size of Deutsche Bank but with an even bigger casino share of total assets (derivatives and prop trading).”

“They have all large casinos.”

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.