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

BNP Paribas said its trading unit suffered a hit from souring debt in the third quarter, adding to challenges for Chief Executive Officer Jean-Laurent Bonnafe after a string of recent setbacks. Goldman Sachs CEO David Solomon downplayed concerns that have surfaced following the collapse of US firms First Brands and Tricolor, and said he doesn’t see any systemic risk looming in the credit market. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)