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French banks started reporting Q2 results.
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Market volatility in Asia helped BNP Paribas boost its trading business in the second quarter as the French bank's profits bounced back from a multibillion fine in the same period last year.
Net profits were €2.56bn in the three months ended June 30, rebounding from a €4.22bn loss a year earlier on the back of a $8.9bn fine for violating US sanctions against Sudan, Iran and Cuba writes the FT's Michael Stothard in Paris.
Crédit Agricole SA publishes its results on Aug. 4.
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At the current price of $0.76, CASHA provides a return of 6.63%. This is better than the yield of most local bonds, with the potential of big capital gain if CASHA bonds are redeemed in Dec 2017.
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