BNP 1Q Net Profit Rises on Lower Loan-Loss Provisions

BNP Paribas SA, France’s largest bank, posted a surprise increase in first-quarter profit as a decline in provisions for bad loans helped outweigh a slump in trading revenue. Net income rose 10 percent to 1.81 billion euros ($2.1 billion) from 1.65 billion euros a year earlier, the Paris-based bank said in a statement Tuesday. Bloomberg's Caroline Connan spoke to the bank's Chief Financial Officer Lars Machenil about the numbers.

Former GM CEO Says He Would Have Loved to Buy Jeep Brand
06:10 - Dan Akerson, former chairman and chief executive officer at General Motors, discusses the Jeep brand and outlook for Fiat Chrysler. He speaks with Bloomberg's David Westin on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
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