BNP Paribas a few years ago took on the tagline: 'Bank for a changing world' and yesterday the French bank's chief executive outlined to shareholders how much the institution and its peers have been made to change with it - especially in the financial crisis years.
Baudouin Prot, BNP Paribas' chief executive, yesterday showed shareholders a sequence of slides illustrating how the bank's balance sheet, assets and leverage had all improved, grown or shrunk since the collapse of Lehman Brothers and subsequent reforms to the banking sector.