The state is not a good shareholder.

The very sharp increase in net income does not simply reflect the positive effects of a robust economic environment but instead is due first and foremost to the improvement in the core profitability of all our business lines.

We are not going to change our financial discipline, and we are not ready to overpay for acquisitions in retail banking.

In the third quarter, the crisis in the global equity markets weighed on the results of our primary and secondary equity businesses, as well as affecting capital gains on the industrial equity portfolio.

I don't exclude a cross-border, but it is rather complicated.

Baseball players are smarter than football players. How often do you see a baseball team penalized for too many men on the field?