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<p>Emmanuel Macron’s shocking announcement to dissolve the National Assembly has sent shockwaves through the French economy, leading to a spectacular drop in BNP Paribas shares. Investors, worried about political uncertainty and the potential repercussions of future economic plans, have reacted quickly, heavily impacting the valuation of France’s leading bank.</p>
<h2 id="h-bnp-paribas-in-difficulty">BNP Paribas in difficulty</h2>
<p>BNP Paribas, recently known for its commitment to cryptocurrencies, is going through a tumultuous period. The decision by Emmanuel Macron to <strong>dissolve the National Assembly</strong> has sent <strong>shockwaves through the financial markets</strong>, severely affecting the bank’s valuation.</p>
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<p>In just a few weeks, <strong>the valuation of BNP Paribas dropped from 82.5 billion euros to just 67.1 billion euros</strong>, according to <a href="https://www.lesechos.fr/finance-marches/banque-assurances/bnp-paribas-perd-son-titre-de-premiere-capitalisation-bancaire-de-la-zone-euro-2103231" target="_blank" rel="noopener noreferrer nofollow">Les Echos</a>.</p>
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<p>This dramatic decline allowed its Spanish rival, <strong>Santander,</strong> to surpass it with <strong>a valuation of 68.6 billion euros</strong>. Investors are worried about the political and economic uncertainties, especially with the approaching snap legislative elections.</p>
<p>The <strong>prospect of an economic direction change</strong> with parties such as <strong>the National Rally or the New Popular Front</strong> raises concerns about the stability and financing costs of French banks.</p>
<h2 id="h-repercussions-on-the-stock-market">Repercussions on the stock market</h2>
<p>The political storm unleashed by Emmanuel Macron has <strong>not spared other major French banks</strong>. BNP Paribas, Crédit Agricole, and Société Générale are among <strong>the biggest decliners in the CAC 40</strong> following the dissolution announcement.</p>
<p>This situation is exacerbated by the <strong>widening interest rate spreads on government bonds between France and Germany</strong>, further worrying investors.</p>
<p>Despite a less pronounced drop compared to its competitors (10.6% vs. 11% for Crédit Agricole and 15% for Société Générale), <strong>BNP Paribas remains under pressure</strong>.</p>
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<p>American bank Morgan Stanley anticipates <strong>a possible continuation of this decline until the election results</strong>.</p>
<p>Moreover, the <strong>excellent performances of Santander</strong>, benefiting from the rise in central bank rates and its strategic expansions in the United States and Europe, accentuate BNP Paribas’s loss of ground.</p>
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<p>Santander’s <strong>innovative projects</strong>, particularly its <strong>collaborations with <a href="https://www.cointribune.com/en/apple-suspends-its-ai-in-europe/" target="_blank" rel="noopener noreferrer nofollow">Apple</a> and Amazon</strong>, demonstrate agility and strategic vision that BNP Paribas currently lacks.</p>
<p>In conclusion, Macron’s decision has caused significant market turmoil, highlighting BNP Paribas’s fragility and the potential impact of future political choices on the French banking sector.</p>

Stock Market: BNP Paribas Loses Its Position as European Leader

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