Latest Breaking News On - Automotive division - Page 3 : comparemela.com

Hello, i am mark barton. This is countdown. I am anna edwards. We are getting numbers from frances largest lender, bnp breaking earnings right now. Lets get straight to that. A surprise drop in fourthquarter profits. 1. 1 billionide tied to a review of payments to parties subject to u. S. Economic sanctions. 76 to 127falling by million euros. The lowest Quarterly Results since the Fourth Quarter of 2008. It is a mess, missing the one billion euro average estimated by analysts at bloomberg. Decision after it paid to settle u. S. Allegations carried out in proper transactions with countries such as iran. The company also announcing today that it intends to increase return on equity which is a measure of profitability to 10 or more by 2016. Return on equity stood at 7. 7 last year. It will present its threeyear of element plan to investors next month. Frances largest bank because of this legal provision in the u. S. Missing fourthquarter earnings estimates. The cfo spoke to bloomberg in p

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