BNP Paribas 30% rate cuts

[BrilloPad]

I hear that BNP Paribas are asking for 30% rate cuts

[BlasterBates]

oh dear that means they'll be earning about EUR 350 a day.

On that rate I would seriously consider washing cars.

[BrilloPad]

oh dear that means they'll be earning about EUR 350 a day.

On that rate I would seriously consider washing cars.

They earn in EUR? So their £ buying power will not be too bad then.

[Mich the Tester]

That’s enough for me to seriously doubt their credit worthiness. Remember folks, we work first and bill later, which means, effectively, that we give our clients credit. If ClientCO asks for such a drastic rate cut, get out and start on Plan B because it’s a good sign they can’t afford to pay.

[BrilloPad]

That’s enough for me to seriously doubt their credit worthiness. Remember folks, we work first and bill later, which means, effectively, that we give our clients credit. If ClientCO asks for such a drastic rate cut, get out and start on Plan B because it’s a good sign they can’t afford to pay.

I think the taxpayer will bail them out. Luckily in this case it is the French taxpayer!

[ace00]

I think the taxpayer will bail them out. Luckily in this case it is the French taxpayer!

Yep - and their equity now yields over 10% .

[BrilloPad]

Yep - and their equity now yields over 10% .

I presume that is historic yield?

Anyone want to guess at their future yield? I have a number in mind : a very round number.....

[Mich the Tester]

One of my fellow test coordinator’s turned down the rate cut at ClientCo. ClientCo now seeking new testco; 3 candidates, all asking higher rate than original testco.

[BrilloPad]

One of my fellow test coordinator’s turned down the rate cut at ClientCo. ClientCo now seeking new testco; 3 candidates, all asking higher rate than original testco.

BOOMED

[ace00]

I presume that is historic yield?

Anyone want to guess at their future yield? I have a number in mind : a very round number.....

Yes indeed, but I got a few grand says they'll do OK......down 10% so far....igmc.