BNP Paribas misses forecasts as AXA costs and bad loans weigh

Core Viewpoint - BNP Paribas reported third-quarter earnings that fell short of forecasts, primarily due to integration costs related to AXA Investment Managers and an increase in cash reserves needed for bad loans, including an unspecified "credit situation" in its global markets division [1] Group 1 - BNP Paribas' third-quarter earnings did not meet market expectations [1] - The company highlighted significant costs associated with the integration of AXA Investment Managers [1] - There was a notable increase in cash required for bad loans, which includes a specific "credit situation" within its global markets arm [1]