Daniel Bouton
Daniel Bouton
business core due economic effects environment foremost improvement income increase instead net positive reflect robust sharp simply
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.
exclude rather
I don't exclude a cross-border, but it is rather complicated.
affecting capital crisis equity gains global industrial markets primary results secondary third weighed
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.