Casino Report on 3 French Banks: BNP Paribas, Credit Agricole, Societe Generale

Let's take a brief look at the balance sheets of three prominent French banks.

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

Comments (7)
No. 1-5
Bam_Man
Bam_Man

Of course they "have all large casinos". In the Moral Hazard Economy, that is how you become "systemically important" and therefore eligible for mandatory bail-outs when your "casino bets" turn out to be losers.

caradoc-again
caradoc-again

400 million EU citizens will carry the weight and defaults/losses will be socialized.

Not likely to be the case if the banks were in the smaller countries but France & Germany have status of being "exceptional nations" & no action is too large to bail-out their big banks.

Kinuachdrach
Kinuachdrach

What are the other 20-30% of assets in this classification system?

Does the "Loans" category include Non-Performing Loans?

Six000mileyear
Six000mileyear

The most influential regulator in the financial system is the person depositing money in the the bank.

James A. Cozart
James A. Cozart

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