Fox Business - The Power to Prosper
Search Site

Credit Agricole

Related Topics

  1. HSBC Bank
  2. CaixaBank
  3. Societe Generale
  4. Douglas Flint
  5. Stuart Gulliver
  6. Deutsche Bank
Get updates on Credit Agricole
BNP Paribas sees significant staff cuts in France

BNP Paribas , France's No. 1 bank, told shareholders it expects a "significant" drop in staffing levels in its home market as it moves to offset the shrinking economy.BNP, which is highly exposed to mature European markets, is in the early stages of a plan to cut 2 billion euros ($2.57 billion) in annual costs over the next three years and is set to launch a new Europe-wide online bank."Our employee levels will go down in France this year," Baudouin Prot told the bank's annual shareholder meeting.BNP will present its plans to unions next month, Prot added.Europe's banks are in a push to cut costs and rethink their business models as tougher regulations and a slowing economy rob them of traditional profit streams.French banks including Societe Generale and Credit Agricole have pledged to keep cutting costs in the face of a worsening economy as lucrative retail revenues are squeezed by consumer belt-tightening.Analysts have said branch closures will be necessary to bring profitability ra...

Read More ›

  1. Economists, Market At Odds Over Australia Rate Cut

    The Reserve Bank of Australia was set to deliver its latest interest-rate decision Tuesday, with most economists predicting no new easing, but with markets divided o...

  2. Costs centre stage for HSBC, French bank results

    HSBC is expected to almost double first quarter profits to about $8 billion on Tuesday helped by a fall in costs and bad debts and showing the benefits of a three-ye...

  3. Portugal Hires Banks for 10-Year Bond Sale

    The Portuguese government has hired banks for the sale of 10-year bonds, signalling it could soon issue the long-term debt for the first time since it requested a ba...

  4. Portugal Hires Banks for 10-Year Bond Sale - Source

    The Portuguese government has hired banks for the sale of 10-year bonds, signalling it could soon issue the long-term debt for the first time since it requested a ba...

  5. BNP Paribas First-Quarter Profit Plunges

    BNP Paribas SA (BNPQY, BNP.FR) said Friday first-quarter net profit plunged, hurt by lower investment-banking revenue, and new provisions set aside against bad loans...

  6. CaixaBank Sells EUR1 Billion 3.125% Bond Maturing 2018

    Spanish lender CaixaBank (CABK.MC) Tuesday sold a 1 billion euro ($1.31 billion), five-year bond, according to one of the banks running the deal.Barclays, Credit Agr...

  7. CaixaBank Plans Euro 5-Year Senior Unsecured Bond

    Spanish lender CaixaBank (CABK.MC) plans a euro-denominated senior unsecured bond, said one of the banks on the deal Tuesday.The issue will be of five-year maturity....

  8. LVMH Plans EUR500 Million 2019 Bond Issue

    French luxury goods company LVMH Moet Hennessy Louis Vuitton SA (MC.FR) is planning a 500 million euro ($650.1 million) bond, maturing November 2019, one of the bank...

  9. Anglo American Plans Euro Benchmark 8-Year Bond

    Anglo American Capital PLC, part of mining company Anglo American PLC (AAL.LN), plans a euro benchmark eight-year bond, one of the banks running the deal said Monday...

  10. Banco Popolare to Reduce Stake in Agos Ducato - Report

    Italian lender Banco Popolare (BP.MI) plans to reduce its stake in Agos Ducato, a consumer credit unit it jointly owns with French bank Credit Agricole SA (ACA.FR), ...

  11. Gazprom Neft Plans 5-year Euro Bond Issue

    Russian oil producer OAO Gazprom Neft (SIBN.RS) is planning a euro-denominated, five-year bond, one of the banks running the deal said Thursday.Suggested pricing is ...

  12. UniCredit Bank Germany Plans 7-Year Euro Covered Bond

    UniCredit Bank AG, the German unit of Italian lender UniCredit SpA (UCG.MI), is planning a benchmark-size, euro-denominated, seven-year covered bond, one of the bank...

  1. EUROPE MARKETS: Europe Stocks Retreat From 2013 High

    European stock markets retreated from a 2013 high on Monday after a mixed bag of Chinese data highlighted growth concerns in the world's second largest economy.A sur...

  2. Asian Shares Mostly Up, Nikkei Hits Fresh High

    The Australian dollar traded below parity against the U.S. dollar early Monday, while a weaker yen pushed Japanese stocks to a fresh five-year high."The general them...

  3. Banco Popolare, Credit Agricole to Inject EUR450 Million in Agos Ducato

    Italy's cooperative bank Banco Popolare SC (BP.MI) said Wednesday it has agreed with France's Credit Agricole (CRARY, ACA.FR) to inject 450 million euros ($592.2 mil...

  4. HSBC's Cost-Cutting Efforts Working

    HSBC reported a near doubling in first quarter earnings on Tuesday, demonstrating the benefits of a three-year restructuring, cost cuts and a big drop in bad debt ch...

  5. Credit Agricole First-Quarter Profit Jumps After Greek Exit

    Credit Agricole SA (ACA.FR) Tuesday said first-quarter net profit jumped 51%, as the French bank draws a line under its disastrous foray into Greece, and slims down ...

  6. SocGen Pledges to Lift Profitability As First-Quarter Profit Plunges

    French bank Societe Generale SA (SCGLY, GLE.FR) Tuesday pledged to cut costs and improve profitability, as its first-quarter net profit was halved, hurt by renewed t...

  7. SocGen Pledges to Lift Profitability, First-Quarter Profit Plunges

    French bank Societe Generale SA (SCGLY, GLE.FR) Tuesday pledged to cut costs and improve profitability, as its first-quarter net profit was halved, hurt by renewed t...

‹ Prev12345…Next ›
Freebase CC-BY
Source: Credit Agricole on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL