Bnp Paribas announced a rights issue in order to pay off its debts to the French government rather than accepting the governments bail-out scheme. After the Pittsburg-meeting, which made clear that higher capital ratios would be demanded in the near future, the turmoil amongst banks has increased and most of them are trying to find a way out of the government’s regulations. To avoid government interference in bank policies, BNP is the first in Europe to announce a rights issue, after two Italian banks had already refused state aid.Many other banks, like Société Générale, are expected to follow the lead of the second-biggest bank in Europe in the near future.
Laura Langenaken
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HAS announced
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good topic, very coherent
Bnp Paribas has announced a rights issue in order to pay off its debts to the French government rather than accepting the government's bail-out scheme. After the Pittsburg-meeting, which made clear that higher capital ratios would be demanded in the near future, the turmoil amongst banks has increased and most of them are trying to find a way out of the government’s regulations. To avoid government interference in bank policies, BNP is the first in Europe to announce a rights issue, after two Italian banks had already refused state aid.
Many other banks, like Société Générale, are expected to follow the lead of the second-biggest bank in Europe in the near future.
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