BNP Paribas Hit by Souring Debt, Solomon Sees 'Systemic Risk' in Credit | The Opening Trade 10/28

Bloomberg•Tuesday, October 28, 2025 at 12:07:23 PM

BNP Paribas is facing challenges as its trading unit reported losses due to souring debt in the third quarter, which adds pressure on CEO Jean-Laurent Bonnafe amid a series of setbacks. Meanwhile, Goldman Sachs CEO David Solomon has attempted to reassure the market by stating that he does not foresee any systemic risks in the credit market, despite recent collapses of US firms like First Brands and Tricolor. This situation is significant as it highlights the ongoing volatility in the financial sector and the differing perspectives among top executives regarding the stability of credit markets.

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