BNP, Soc Gen and Natixis all took big risks in the hugely competitive equity derivatives market and have been hit

BNP, Soc Gen and Natixis all took big risks in the hugely competitive equity derivatives market and have been hit with heavy losses. Only BNP has the scale to take the losses in its stride. Could presage major restructuring.
@ElisaMartinuzzi
bloomberg.com/opinion/articl… https://t.co/Vou59prPcY

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