First BNP, Now SocGen: French Banks Suffer Huge Losses As Derivative Trade Blows Up

Apr 23rd 2020 11:55am EDT

First BNP, Now SocGen: French Banks Suffer Huge Losses As Derivative Trade Blows Up Three things are guaranteed: death, taxes and French banks, the world’s so-called “derivative gurus”, losing boatloads of money any time the VIX spikes. As a reminder, two weeks ago we reported that BNP Paribas, the largest French bank, lost hundreds of […]

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