All banks have struggled over the past year, but BNP Paribas has been less troubled than most. Indeed, the French bank looks set to emerge from the financial crisis in a far more dominant position relative to its peers than when it entered. With a relatively healthy balance sheet, BNP Paribas was able to expand – most notably with the acquisition of Belgium’s Fortis Bank earlier this year – as much of the competition retrenched.
The bank’s interest rates business is also doing exceptionally well
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