bearish

BNP Paribas

BNP Paribas: Capital, Forbearance and CDS

611 Views29 Dec 2020 23:41
BNPs real economic capital, sans forbearance, may be materially lower than reported. Credit costs were artificially engineered lower, like at most banks. HSBC’s CDS offers cheaper hedging protection.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 6-minute read)
Discussions
(Paid Plans Only)
chart-bar
x