BNP Paribas upbeat despite 13% profit drop

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FRANCE - BNP Paribas Group, Frances biggest bank, posted a net income of just over E1bn for the second quarter, a drop of 13% on the corresponding period last year.

The group cited a “deep crisis” in equity and corporate debt markets as it registered net banking income of E4.1bn, down 5.5% on Q2 2001. But the group ruled out job cuts, although there will be...

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