Europe's top banks earmark $710 million for Iran war impact

7 articles · Updated · Bloomberg · Apr 30

BNP Paribas, Societe Generale and Standard Chartered said on Thursday they booked the first-quarter provisions.
The buffers are intended to protect against a possible downturn as the conflict drives up oil prices and strains already fragile supply chains.
The move signals rising economic risks for Europe, with major lenders preparing for broader fallout from the war beyond immediate market volatility.

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