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BNP Paribas Hit by Souring Debt, Solomon Sees 'Systemic Risk' in Credit | The Opening Trade 10/28

Video Overview & Insights

BNP Paribas said its trading unit suffered a hit from souring debt in the third quarter, adding to challenges for Chief Executive Officer Jean-Laurent Bonnafe after a string of recent setbacks.

“

What's worse... being robbed without a weapon or being robbed with a weapon? Who's the better crook between the two?

— @LamarPassmore

Goldman Sachs CEO David Solomon downplayed concerns that have surfaced following the collapse of US firms First Brands and Tricolor, and said he doesn’t see any systemic risk looming in the credit market.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta.

Chapters:

00:00:00 - The Opening Trade

00:00:47 - Market Check

00:01:54 - Trump on Japan, Takaichi

00:03:49 - Qualcomm's Rival Nvidia Chip

00:06:34 - BNP Paribas, HSBC Deliver Earnings

00:08:00 - BNP Paribas CFO on Provisions for ‘Specific’ Credit Issue

00:14:59 - Qatar Finance Minister

00:23:02 - Japan Prime Minister Takaichi and Trump in Yokosuka

00:27:44 - German Business Confidence Jumps to Highest Level Since 2022

00:34:53 - Missile Deliveries for Japan Program: Trump

00:39:07 - Novartis CEO

00:47:28 - Stocks to Watch: Novartis, HSBC, Porsche

01:09:08 - BNP Paribas Stocks

01:10:34 - HSBC Stock Surges

01:14:06 - Hurrican Melissa in Jamaica

01:17:00 - Japan is a Big Invester in US: Trump

01:21:50 - Trump-Xi Meeting on Asia Trip

01:29:49 - David Solomon Bill Winters on Credit Risk

01:32:52 - Nvidia GTC

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