Global Business Report: BNP, Lenders Face Loss

The video discusses the financial collapse of First Oil, leading to significant losses for lenders like BNP Paribas and the Bank of Nova Scotia. It highlights the potential negative impact of Brexit on London's role as a global financial hub, with opinions from Sadiq Khan. Additionally, it covers the current discounts on luxury apartments in London due to decreased demand, especially from international buyers.

What was the amount owed by BNP Paribas and its lenders?

What financial loss did the banks face due to the bankruptcy of Ian Saties' venture?

How did the potential Brexit affect London's role in foreign exchange?

What discounts are developers in central London offering to institutional investors?

What factors contributed to the slump in demand for London properties?