BNP Paribas plots market share raid by 2020

BNP Paribas 230
By Owen Sanderson
09 Feb 2017

BNP Paribas’s 2020 growth plan, unveiled on Tuesday, means building the bank’s market share in fixed income and capital markets, as rivals retrench or withdraw. Though the bank plans to run higher capital levels across the firm by 2020, the sale of First Hawaiian will free up firepower for the CIB unit.

Overall, however, the market proved disappointed by BNPP’s long range planning, with the shares down more than 3% at the open following its fourth quarter reporting on Tuesday morning. The reason could be lack of ambition — despite tough talk on market share, the group return of equity ...

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