"BNP Paribas, the world's biggest bank by assets, posted forecast-beating third-quarter results and said it had no need to raise capital to meet tougher industry requirements. Chief executive Baudouin Prot, one of the few French bank chief executives to have kept his position throughout the financial crisis, said BNP would outdo archrival Societe Generale under the new rules with a core Tier 1 ratio "better" than 7.5 per cent by January 2013." from South China Morning Post