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hpspain

Long BNP / Short Credit Agricole

hpspain  
CHXEUR:BNPP/CHXEUR:ACAP   None
bnp creditagricole
2
0
bnp creditagricole
Thesis:
Credit Agricole Balance is 18x times worst than BNP in terms of Free Capital Resources / Vs Tangible Equity.

Credit Agricole may have to raise capital up to 3.000 = which is dilutive.
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