Structured products to remain under scrutiny at French banks

By Jasper Cox
02 Jul 2020

Société Générale and Natixis may face more questions over their equity derivatives businesses when they release their second-quarter results. The issue is whether their structured products are inherently problematic or simply suffered from freak events.

While most large investment banks enjoyed strong performances from equity derivatives last quarter, it was a different story in France.

Derivatives products blew up, causing BNP Paribas, Société Générale and Natixis to post either losses or paltry profits in their equities franchises. While flow businesses ...

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