BNP chief says crisis not over: Le Monde

Wed Jan 30, 2008 10:46am EST
 
[-] Text [+]

PARIS (Reuters) - Nobody can say the global banking crisis is over, BNP Paribas Chief Executive Baudouin Prot told Le Monde newspaper in an interview published on Wednesday.

"The market crisis is too serious for us to have anything to be proud of," he said. "It causes us instead to be vigilant on all levels. Nobody can say we have come through it."

As BNP, France's largest bank, delivered an estimated set of higher 2007 results while its cross-town rival Societe Generale struggles with rogue trader losses, Prot declined to comment on market speculation BNP might bid for SocGen.

"I do not want to reply to those questions," he said.

(Editing by Quentin Bryar)

 

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video
Bernd Debusmann
A paradox of plenty: Hunger in America

In the world’s wealthiest country, home to more obese people than anywhere else on earth, one in six Americans struggled to feed themselves and their children in 2008. Millions went hungry, at least some of the time. Things are bound to get worse.  Commentary