The risk is that once inflation starts to pick up in Brazil it becomes entrenched, argues Marcelo Carvalho of BNP Paribas, a bank.
In mid-July European banks dropped to a two-year low, with the two largest by assets, BNP Paribas and Deutsche Bank, down 20% and 14% from the beginning of the month.
Martin Chilcott's small British company, Clarity, had to turn away pan-European work for the French bank BNP Paribas.
The reason families dominate discounting, says Philippe Suchet of Exane BNP Paribas, an investment bank, is their long-term approach: they know that keeping prices low for customers is the only way to survive over generations.
Some had taken decisive action overnight: Belgium nationalized the Belgian assets of banking and insurance provider Fortis on Sunday, before selling a majority stake to French bank BNP Paribas, while Germany said it would guarantee all private deposits in the country.
On the short list of likely bidders for the 158-year-old investment bank are Britain's Barclays, France's BNP Paribas, Germany's Deutsche Bank and Charlotte, N.
France's largest bank, BNP Paribas, has announced cost-cutting plans as it reports a slump in profits.
While BNP Paribas, the leading French bank, the only foreign bank active in Iran, the nature of its activities in that country is sufficiently important to merit investor attention.
On March 23rd, in what the FSA said was its biggest investigation yet into insider trading, police and FSA officers raided 16 premises and arrested six people, among them employees of Deutsche Bank, BNP Paribas and Moore Capital, one of the world's biggest hedge funds.
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So with blue-chip European bank stocks like BNP Paribas and Barclays trading for only six and seven times trailing earnings, this might be the time for cool-headed investors to pick up strong banks at cheap prices.
The second group included Goldman Sachs, Societe Generale, Barclays, Credit Agricole, BNP Paribas, Credit Suisse, Deutsche Bank and UBS. Moody's said these firms had varying risk factors, from high dependence on capital markets operations to limited liquidity and exposure to Europe.
Bill auctions will be carried out through the 47 international banks that make up the EFSF Market Group, which is primarily composed of U.S. ( Goldman Sachs Group, JPMorgan, Bank of America, etc.) and European ( Deutsche Bank, BNP Paribas, Societe Generale, etc.) institutions.
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While major European banks like Deutsche Bank, BNP Paribas, and Banco Santander have plummeted given their direct exposure to the crisis, major U.S. banks have fallen in tandem, with Morgan Stanley, Citi, and JPMorgan, among others, seeing their stock prices nose dive.
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Financial institutions: BBVA Bank, BMO, BNLPOSitivity, BNL Italy, BNP Paribas Fortis Belgium, Banco Sabadell, Banco Santander, Banca Sella, Citi, Commonwealth Bank, Deutsche Bank Italy, EMS, EnterCard, EURO 6000, European Merchant Services, Fifth Third Bank, Handelsbanken, International Card Services Netherlands, Intesa Sanpaolo, Lake Trust Credit Union, ME Bank, NAB, SEB Kort, SIA, Swedbank, TMG Financial Services, UniCredit and Westpac.
Rumours swirl and panic flares: shares in BNP Paribas, a well-run French bank, dropped by 12% on the morning of September 13th following reports that no one would lend it dollars.
Although Centaurus, which is run by former traders from BNP Paribas, the country's largest bank by assets, is reasonably well-regarded, Pardus, a foreign fund known for its abrasive style, is viewed with suspicion.
Corporate bank borrowers such as Credit Agricole, BNP Paribas and Societe Generale were given more time, after a lifeline was thrown to them by the European Central Bank when it flushed liquidity into the system on Dec. 21.
Now the top 20 include six foreign-owned banks, among them TD Bank, HSBC, Santander and BNP Paribas.
Among them were Goldman Sachs, Morgan Stanley, Credit Suisse, Deutsche Bank, Barclays, and BNP Paribas. (Read Fitch Places Seven Big Banks On Rating Watch).
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Large U.S. banks like JPMorgan and Citi remain well in negative territory for the year, as well as European names like Deutsche Bank, Banco Santander, and BNP Paribas.
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French banks like Societe Generale, BNP Paribas, and Credit Agricole surged on the global central bank liquidity bailout presented last week.
In Europe, Deutsche Bank shares dropped 3.1%, BNP Paribas fell 3.7%, UBS fell 3% and Barclays dropped 2%.
FORBES: How Is Europe Affecting Markets? Check Bank Stocks Today
The banks, Goldman Sachs and Morgan Stanley in the U.S., and Credit Suisse, Deutsche Bank, Barclays PLC, Societe Generale and BNP Paribas in Europe, are expected to be affected by one or two ratings notches, if they are downgraded.
Shares in Fortis were suspended, a day after France's BNP Paribas said it would take a 75% stake in the Benelux bank.
That interpretation didn't sit well with the bank or with Ambac Financial Group, which had written insurance on BNP Paribas' notes.
Barclays has fallen about 1% over the past week, UBS and HSBC have each dropped more than 1.5% while Deutsche Bank has slid more than 3% and two French banks, BNP Paribas and Societe Generale, have gotten crushed, declining by more than 5% and 6% respectively.
The Dutch then nationalised their bits of the bank and the Belgians (and Luxembourgeois) agreed to sell France's BNP Paribas the businesses that Fortis had on their soil.
The global head of equity and derivatives for BNP Paribas, Yann Gerardin, told Forbes.com on Wednesday that its latest acquisition--Bank of America's equity prime brokerage unit--would give the bank an attractive springboard into the lucrative American market.
In separate news, a China state bank has suspended FX swaps with UBS, Societe Generale, Credit Agricole, and BNP Paribas after those banks had reportedly reached their credit limits with the BoC.
FORBES: Stocks Perk Up On 'Operation Twist' Talk, Take Italy In Stride
Marcelo Carvalho, an economist at BNP Paribas, reckons inflation will only fall to 5.5% by 2013 (and that assumes the bank hikes rates again).
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