In the early days of the coronavirus crisis, BNP Paribas stepped up in no uncertain terms to address the liquidity concerns of multinational corporate clients. While some large US banks seemed to pull back from Europe, the Paris-based firm deployed a remarkable amount of capital, underwriting financings with rare decisiveness; showing the benefits of its scale, the strength of its balance sheet and the advantages of a stable management team.
It is largely thanks to BNPP’s actions during the crisis that financial worries in the corporate sector have so far proven relatively short lived and limited to certain sectors.
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