BNP Paribas has pledged to keep cutting costs and staff in response to reduced earnings from the flagging European economy.<br /><br />France's biggest bank, which does most of its business in the recession-hit eurozone, just reported a 45 percent drop in first-quarter net income - to 1.58 billion euros. <br /><br />That was not as bad as analysts feared, thanks to cost controls and fewer bad loans.<br /><br />...<br />http://www.euronews.net/
