BNP Paribas’ CIB cashes in on increased structured products activity

BNP Paribas corporate and institutional banking (CIB) posted operating revenues of €3.1 billion in the fourth quarter of 2019, an increase of 30.3% compared to 4Q 2018. The division, which is made up of four business units – fixed income, currencies & commodities (FICC), global markets, equity and prime services, and security services – saw its operating expenses go up 16.2% year-on-year, due to ‘strong’ increase in business while its gross operating income, at