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Banking on digital

BNP Paribas CEO Jean-Laurent Bonnafé tells why mergers and acquisitions are taking a back seat - for now - at the French bank.

"We have this DNA to be very open and ready to partner, because the universe is wide. When you have a nice idea, the best approach is to execute rapidly. So it's better to have 25 per cent of a winning project delivered to market, than 100 per cent of a project that is maybe nice, but too slow to be the winner." - Jean-Laurent Bonnafé.

TOO much of a good thing can lead to indigestion - this axiom extends well beyond gastronomical delights, to mergers and acquisitions in the corporate scene. And so it is that at BNP Paribas, the choice is to resist a rich appetite for large buyouts in the next few years.

For Jean-Laurent...

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