BNP Paribas

In our articled dated 15 September, we suggested that BNP Paribas planned to exit investment banking in the UK, Hungary and Switzerland. This was incorrect. The bank is only considering pulling out of its much smaller equipment leasing business in these countries. We also suggested it planned to reduce its investment bank funding needs by €60bn before the end of the year. The correct figure is $60bn or €44bn. We would like to apologise for both errors.