Crédit Agricole http://www.globalpost.com/taxonomy/term/26654/all en European shares bolstered by strong China data http://www.globalpost.com/dispatch/news/thomson-reuters/130118/european-shares-bolstered-strong-china-data-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSEurofirst 300 up 0.1 pct, EuroSTOXX 50 up 0.3 pct</p> <p>* Earnings worries keep indexes below multi-month peaks</p> <p>* BNP Paribas recommends low-cost protection</p> <p>By Toni Vorobyova</p> <p>LONDON, Jan 18 (Reuters) - European shares edged higher on Friday, with heavyweight miners and exporters supported by stronger-than-expected Chinese data, but concerns about the upcoming corporate earnings season kept key indexes below recent multi-month highs.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130118/european-shares-bolstered-strong-china-data-0" target="_blank">read more</a></p> Crédit Agricole Investment Newedge Group Thomson Reuters Fri, 18 Jan 2013 09:30:39 +0000 5736013 at http://www.globalpost.com Credit Agricole unveils 2.68 bn euro charge http://www.globalpost.com/dispatch/news/afp/130201/credit-agricole-unveils-268-bn-euro-charge <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>France's Credit Agricole bank on Friday said that its fourth quarter 2012 results will be hit by a 2.68-billion-euro ($3.65 billion) charge that reflects tighter regulations and the current financial climate.</p> <p>The results, to be released on February 20, come after the bank's third quarter earnings disappointed investors in November, registering a net loss of 2.85 billion euros, mainly owing to the cost of unwinding Greek investments.</p> <p>Impairment charges represent the difference between the price paid for assets and their current value.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/credit-agricole-unveils-268-bn-euro-charge" target="_blank">read more</a></p> Cooperative banking Crédit Agricole AFP Fri, 01 Feb 2013 07:30:16 +0000 5742631 at http://www.globalpost.com Credit Agricole reports huge charge, set for historic loss http://www.globalpost.com/dispatch/news/afp/130201/credit-agricole-reports-huge-charge-set-historic-loss <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>French bank Credit Agricole (CA) is heading for a historic loss for 2012 after acknowledging on Friday that it will book a massive fourth-quarter charge, blaming tighter regulations and the financial climate.</p> <p>CA put the amount of the impairment charge at 2.68-billion-euro ($3.65 billion). The price of shares in the bank fell sharply in initial trading but then showed a net gain of about 2.0 percent.</p> <p>On Thursday, the stock had lost 1.54 percent on press reports that spoke of the heavy charge.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/credit-agricole-reports-huge-charge-set-historic-loss" target="_blank">read more</a></p> Cooperative banking Crédit Agricole EUR AFP Fri, 01 Feb 2013 09:45:03 +0000 5742689 at http://www.globalpost.com European shares propped up by solid U.S. data http://www.globalpost.com/dispatch/news/thomson-reuters/130201/european-shares-propped-solid-us-data-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSEurofirst 300 up 0.3 pct, Euro STOXX 50 up 0.2 pct * U.S. ISM, jobs figures add to run of solid data * IBEX underperforms as short-selling ban lifted By Toni Vorobyova LONDON, Feb 1 (Reuters) - European shares inched up on Friday, as investors took advantage of the past two sessions' losses to snap up equities more cheaply, reassured by a run of solid data from China, Europe and the United States. An above-forecast reading on the U.S.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130201/european-shares-propped-solid-us-data-0" target="_blank">read more</a></p> Crédit Agricole Economy of the European Union Newedge Group Politics Thomson Reuters Fri, 01 Feb 2013 18:00:42 +0000 5743377 at http://www.globalpost.com http://www.globalpost.com/dispatch/news/afp/130220-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>France's Credit Agricole reports record 6.47 bln euro loss for 2012</p> <p>tu/txw/pvh</p> <p>CREDIT AGRICOLE SA</p> Crédit Agricole AFP Wed, 20 Feb 2013 06:30:19 +0000 5760744 at http://www.globalpost.com URGENT ¥¥¥ France's Credit Agricole posts record 6.47 bln euro loss in 2012 http://www.globalpost.com/dispatch/news/afp/130220/urgent-frances-credit-agricole-posts-record-647-bln-euro-loss-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>French bank Credit Agricole said Wednesday it posted a record 6.47 billion euro loss for 2012 after booking a massive fourth quarter charge.</p> <p>The bank said it would be launching a three-year strategic plan aimed at saving 650 million euros.</p> <p>tu/txw/pvh</p> <p>CREDIT AGRICOLE SA</p> Cooperative banking Crédit Agricole Credit Agricole AFP Wed, 20 Feb 2013 06:45:16 +0000 5760748 at http://www.globalpost.com France's Credit Agricole posts record 6.47 bn euro loss in 2012 http://www.globalpost.com/dispatch/news/afp/130220/frances-credit-agricole-posts-record-647-bn-euro-loss-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>French bank Credit Agricole said Wednesday it posted a record 6.47 billion euro ($8.7 billion) loss for 2012 after booking a massive fourth quarter charge but was now "turning the page".</p> <p>The bank said it would be launching a three-year strategic plan aimed at saving 650 million euros.</p> <p>In the fourth quarter alone, the bank posted a loss of 3.98 billion euros, mostly due to exceptional items.</p> <p>Part of the loss, 838 million euros, was due to Credit Agricole's exit from its Greek bank Emporiki.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130220/frances-credit-agricole-posts-record-647-bn-euro-loss-2012" target="_blank">read more</a></p> Cooperative banking Crédit Agricole Credit Agricole EUR AFP Wed, 20 Feb 2013 07:30:29 +0000 5760770 at http://www.globalpost.com France's Credit Agricole posts record 6.47 bn euro loss in 2012 http://www.globalpost.com/dispatch/news/afp/130220/frances-credit-agricole-posts-record-647-bn-euro-loss-2012-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>French bank Credit Agricole said Wednesday it posted a record 6.47 billion euro ($8.7 billion) loss for 2012 after booking a massive fourth quarter charge but was now "turning the page".</p> <p>The bank said it would be launching a three-year strategic plan aimed at saving 650 million euros.</p> <p>In the fourth quarter alone, the bank posted a loss of 3.98 billion euros, mostly due to exceptional items.</p> <p>Part of the loss, 838 million euros, was due to Credit Agricole's exit from its Greek bank Emporiki.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130220/frances-credit-agricole-posts-record-647-bn-euro-loss-2012-0" target="_blank">read more</a></p> bank Business Cooperative banking Crédit Agricole EUR Investment banks AFP Wed, 20 Feb 2013 08:15:52 +0000 5760797 at http://www.globalpost.com France's Credit Agricole posts record loss in 2012 http://www.globalpost.com/dispatch/news/afp/130220/frances-credit-agricole-posts-record-loss-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>French bank Credit Agricole said Wednesday it posted a record 6.47 billion euro ($8.7 billion) loss for 2012 after booking a massive fourth quarter charge but was now "turning the page".</p> <p>The bank said it would be launching a three-year strategic plan aimed at saving 650 million euros.</p> <p>In the fourth quarter alone, the bank posted a loss of 3.98 billion euros, mostly due to exceptional items.</p> <p>Part of the loss, 838 million euros, was due to Credit Agricole's exit from its Greek bank Emporiki.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130220/frances-credit-agricole-posts-record-loss-2012" target="_blank">read more</a></p> bank Business Cooperative banking Crédit Agricole EUR Investment banks AFP Wed, 20 Feb 2013 17:15:52 +0000 5761267 at http://www.globalpost.com Crédit Agricole could cut 1,400 jobs: report http://www.globalpost.com/dispatch/news/afp/130225/credit-agricole-could-cut-1400-jobs-report <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>French bank Credit Agricole could cut another 1,400 jobs in 2013 at its regional branches, the daily Les Echos said Monday, but unions said no figures had yet been decided.</p> <p>Citing an internal document, the business daily said that Credit Agricole's regional branches expected only half of departing employees would be replaced in 2013, leading to a staff cut of 1,418 posts.</p> <p>The bank declined to comment when contacted by AFP.</p> <p>A union representative confirmed the figures to AFP, but said they were based on projections made in November and were likely to change.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130225/credit-agricole-could-cut-1400-jobs-report" target="_blank">read more</a></p> Business Cooperative banking Crédit Agricole Labor Law AFP Mon, 25 Feb 2013 17:17:40 +0000 5766184 at http://www.globalpost.com FTSE snaps three-day rally after miner weakness http://www.globalpost.com/dispatch/news/thomson-reuters/130313/profit-takers-italian-bond-sale-drag-ftse-five-year-peak <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Alistair Smout</p> <p>LONDON (Reuters) - The FTSE 100 fell on Friday after a three-day rally, as investors backed away from riskier sectors and U.S. GDP figures came in below expectations.</p> <p>Material and energy stocks, which are sensitive to optimism over the global economic outlook, took 26 points off the FTSE 100, dragging the index into negative territory.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130313/profit-takers-italian-bond-sale-drag-ftse-five-year-peak" target="_blank">read more</a></p> 110th United States Congress Asia Barclays BHP Billiton BP BP Burberry Business Business cycle Commodities market Companies listed on the New York Stock Exchange Crédit Agricole Cyprus Divided regions Dividend Dividends Dow Jones Industrial Average Dual-listed companies Economic history Economics Economy of New York City Economy of the European Union Economy of the United Kingdom Economy of the United States Economy of Western Australia Emergency Economic Stabilization Act Environment Eurasian Natural Resources Corporation Euro European Union Ex-dividend date Finance Financial 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<div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Greece's top lender National Bank on Wednesday reported a net loss of 2.14 billion euros ($2.75 billion) for 2012 while Alpha Bank said it had sustained a net loss of 1.09 billion euros over the same period.</p> <p>National Bank, which recently completed a merger with number two lender Eurobank, said total assets stood at 104.8 billion euros with deposits at 58.7 billion euros.</p> <p>New number-two Alpha Bank, which acquired smaller lender Emporiki Bank from France's Credit Agricole, had 76.5 billion euros in assets and 41.4 billion euros in deposits.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130327/greek-banks-post-heavy-losses" target="_blank">read more</a></p> Alpha Bank Crédit Agricole Government debt AFP Wed, 27 Mar 2013 16:17:58 +0000 5795441 at http://www.globalpost.com Cleaned-up Credit Agricole bank reports profit leap http://www.globalpost.com/dispatch/news/afp/130507/cleaned-credit-agricole-bank-reports-profit-leap <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>French bank Credit Agricole SA raised net profit by more than half in the first quarter, it said on Tuesday, noting that it had cleaned up its balance sheet at the end of last year.</p> <p>In the first three months of the year, the bank, which is the quoted arm of the Credit Agricole holding group, raised net profit by 50.7 percent to 469 million euros ($613.5 million).</p> <p>The results of the bank had been hit hard for several quarters by exceptional charges and particularly by the costs of withdrawing from its investment in Emporiki bank in Greece.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130507/cleaned-credit-agricole-bank-reports-profit-leap" target="_blank">read more</a></p> bank Business Cooperative banking Crédit Agricole Emporiki Bank AFP Tue, 07 May 2013 09:00:29 +0000 5832319 at http://www.globalpost.com Credit Agricole targets return to profit in 2013 http://www.globalpost.com/dispatch/news/afp/130523/credit-agricole-targets-return-profit-2013 <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> With pressure mounting from governments against tax evasion, executives said the Credit Agricole Private Banking would not operate in jurisdictions considered tax havens by France and the OECD. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>French bank Credit Agricole SA aims to return to profit in 2013 after two years of losses and pay shareholders a dividend, chief executive Jean-Marie Sander said Thursday.</p> <p>Speaking at the annual shareholders meeting, Sander acknowledged that 2012 was a difficult year, but the hard decisions Credit Agricole has taken &quot;will allow the group to recover its profitability during the 2013 financial year.&quot;</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130523/credit-agricole-targets-return-profit-2013" target="_blank">read more</a></p> Business Cooperative banking Crédit Agricole CREDIT AGRICOLE SA Dividend AFP Thu, 23 May 2013 16:30:00 +0000 5844743 at http://www.globalpost.com Credit Agricole sells CLSA stake to Chinese brokerage firm http://www.globalpost.com/dispatch/news/afp/130731/credit-agricole-sells-clsa-stake-chinese-brokerage-firm <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The investment banking arm of French banking giant Credit Agricole has completed the sale of its 80.1-percent stake in Hong-Kong based brokerage firm CLSA to China's CITIC Securities for $841.7 million (635 million euros), the two firms said Wednesday.</p> <p>With the addition of CLSA to its own network of offices, CITICS "becomes the first China-based brokerage and investment banking firm to provide client services with a global reach," with offices in most of Asia, Australia, Britain and the United States.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130731/credit-agricole-sells-clsa-stake-chinese-brokerage-firm" target="_blank">read more</a></p> Crédit Agricole Investment Investment banks AFP Wed, 31 Jul 2013 15:06:19 +0000 5898867 at http://www.globalpost.com