Equity and advisory revenues at BNP Paribas rose by 15.7% “despite the high cost of hedging customer positions in the second quarter of the year against a backdrop of feverish markets”, according to the French bank. The bank’s equity and advisory revenues were €2.22 billion, with bespoke structured products playing a big part in the improved results after a good year, especially with BNP’s bigger European clients. The structured products created have been designed to limit volatility risks for

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