The French bank’s revenues from structured products took a hit in Q1 2020 due to the ‘extreme and exceptional’ volatility in the financial markets at the end of March.

BNP Paribas has reported revenues of €10.9 billion in the first quarter of 2020, a 2.3% decrease from the same quarter last year. Corporate and institutional banking (CIB) revenues, at €2.9 billion, were down 1.9% compared to the first quarter of 2019. Despite strong growth in corporate banking (+10.4%) and securities services (+11.8%), CIB suffered a ‘severe’ one-off impact of €-184m in Q1 2020 on equity and prime services’ revenues within global markets, which houses the bank’s stru

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