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BREAKING NEWS

Earnings fall at BNP-Paribas

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Earnings fall at BNP-Paribas

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Earnings at BNP Paribas fell 72% in the third quarter after the French bank took a bigger-than-expected hit of two billion euros on Greek debt.

The sum represents 60% of France’s biggest listed bank’s exposure to the Greek market. The problem remains BNP’s dependence on wholesale funding markets, putting it in the frontline of the eurocrisis.