SocGen Is Said to Weigh Shutting $4.7 Billion Prop-Trading Unit

The video discusses the status of proprietary trading in French banks, particularly BNP Paribas and Suction, post-financial crisis. It highlights the challenges and limited profitability of these units, the regulatory environment in France versus the US, and the strategic decisions made by these banks. The video concludes with the potential closure of these units due to low profits and the reallocation of capital to more profitable areas.

What are the names of the two banks that continued prop trading after the financial crisis?

Why did French banks keep their prop trading activities despite low profits?

How did the financial crisis affect the prop trading activities of the banks mentioned?

What legal requirement influenced the structure of prop trading units in these banks?

What is the overall conclusion about the profitability of the prop trading units in these banks?