BNP Paribas SA Chief Financial Officer Lars Machenil said the companies he works with haven’t been racing to tap credit lines, indicating that the risk of a cash crunch for the economy is remote.
If corporate clients “all of a sudden come rushing in with liquidity demands,” that would be a worrisome development, Machenil said in a Bloomberg TV interview on Thursday. “I don’t see that.”
WATCH: BNP Paribas SA CFO Lars Machenil speaks on Bloomberg Television. Source: Bloomberg
The comments from one of Europe’s largest lenders indicate that the bloc’s companies aren’t currently at risk of a credit crunch despite the uncertainty and volatility triggered by the ...
