China blocks BNP Paribas AT1

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China blocks BNP Paribas AT1

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Yuan Geldscheine von Chinas Währung. Chinesische Geldscheine. | Wodicka/Gina Sanders - Fotolia

China's second currency devaluation in two days caused a sharp sell off in equities and bonds on Wednesday, keeping BNP Paribas from launching its debut dollar additional tier one (AT1).

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