Casino Report on 3 French Banks: BNP Paribas, Credit Agricole, Societe Generale
Mike Mish Shedlock
Reader Lars from Norway sent me his "casino" findings on three French banks. He defines"Casino" holdings as derivatives and proprietary trading as opposed to loans and deposits.
Lars comments "BNP is the size of Deutsche Bank but with an even bigger casino share of total assets (derivatives and prop trading)."
"They have all large casinos."
Mike "Mish" Shedlock