BNPP’s fixed income returns drop but equity and advisory almost plugs gap

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BNPP’s fixed income returns drop but equity and advisory almost plugs gap

A drop in BNP Paribas’ rates, forex and emerging markets businesses contributed to a fall of more than a fifth in its fixed income revenues year on year for the first quarter of 2014, as a strong equity and advisory performance failed to fill the resulting fall in its overall advisory and capital markets returns.

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