BNPP’s big investment bank test lies ahead

By David Rothnie
11 Jun 2020

BNP Paribas has provided €40bn of loans to corporate clients in the eye of the Covid-19 storm, amid claims that rivals are retrenching. David Rothnie asks if balance sheet support will result in bigger corporate finance fees.

As European economies tentatively lift lockdown restrictions, the true cost of the pandemic still lies ahead. But with stock markets enjoying a powerful recovery, banks are hoping for a summer rebound in deal activity, when the support they have given to clients will be repaid with investment banking ...

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