BNP Paribas Warns on Profit After $1.2 Billion Virus Hit
- Bank follows rival SocGen with $200 million equity market loss
- BNP setting aside $547 million for virus-related loan losses
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BNP Paribas SA warned full-year earnings will take a pounding from the coronavirus outbreak after the bank followed Societe Generale SA in setting aside more cash to cover problem loans and posted a $200 million hit at its trading unit.