As fixed-income traders across European banks grappled with a slowdown in activity, their counterparts in equities units showed they could save the second quarter -- or make it worse.
BNP Paribas SA posted a surprise 26 percent jump in revenue from trading stocks and equity derivatives, leading its total trading to the smallest decline among major firms that have reported results. European rivals Deutsche Bank AG and Credit Suisse Group AG, meanwhile, both suffered drops of more than 20 percent from equities.
