BNP Says It Has Excess Dollar Short-Term Liquidity, Abundant Euro Funding
BNP Paribas in August had “some decrease” in financing from U.S. money-market funds, according a BNP Paribas note to clients and investors dated Sept. 6 and obtained by Bloomberg.
The company has “very abundant” short-term funding in euros, BNP Paribas also said. The interbanking market situation “today is very different” compared with the crisis tied to the collapse of Lehman Brothers Holdings Inc., it said.
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