BNP Paribas' Eyes US Retail Banks

(Excerpted from sister publication IDD)

Over breakfast in late August on the morning BNP Paribas would announce its June earnings, CFO Phillipe Bordenave contentedly told the bank's story. Beginning with its strength in the European league tables and continuing on to BNP's gaping investment banking Jaws Effect' he said the bank had much to be pleased with. But the portion of the discussion that caught my ear was the bank's US retail banking strategy. In the following email Q&A, he elaborated on BNP's efforts in this area.