PARIS (AP) — BNP Paribas says its net profit slipped nearly 5 percent in the second quarter as investment banking continued to suffer from the tough economic conditions in Europe.
France's largest bank made a net profit of 1.76 billion euros ($2.3 billion) in the April to June quarter, down from 1.85 billion euros a year earlier.
Paris-based BNP says Wednesday that its corporate and investment banking revenue fell 2.4 percent from a year earlier and that contributed to a 38.7 percent earnings slide in the quarter.
BNP Paribas noted "renewed tensions in the markets," stemming notably from confusion over when the U.S. Federal Reserve will start reducing its monetary stimulus.
Earnings at BNP's retail banking operations, which stretch from Europe to the US, rose nearly 12 percent during the quarter.
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The University of Texas Board of Regents adjourned Thursday without taking action on the job status of embattled UT President Bill Powers.
Longhorns coach Mack Brown talked with reporters Thursday for the first time since reports surfaced this week that he could be stepping down.
Google brings its new wearable computer to Austin this from Saturday, Dec.14 to Sunday, Dec. 15.
Despite what seemed like a surge of controversies, the Austin Aquarium opened its doors to members Thursday for a private pre-entry showing.
One person was killed Thursday in a rollover crash near Cedar Creek, the Bastrop County Sheriff's Office said.
A 15-year-old girl told police she was abducted from the parking lot at Bastrop High School on Wednesday.