Investment Banking

BNP Paribas boosted by investment banking

The French bank bounced back from heavy losses tied to a multibillion-dollar fine

BNP Paribas boosted by investment banking

French bank BNP Paribas swung to a profit in the second-quarter, bouncing back from heavy losses tied to a multibillion-dollar fine for violating US sanctions against Sudan, Iran and Cuba.

France's largest listed bank by assets said Friday that net profit was €2.56 billion ($2.70 billion) in the three months ended June 30, compared with a €4.22 billion loss a year earlier.

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