Credit Agricole Joins French Rivals With Surprise Q2 Profit Jump
Credit Agricole joined French rivals BNP Paribas and Societe Generale in announcing on Thursday better-than-expected quarterly profits amid record activity in its investment banking division.
Credit Agricole Joins French Rivals In Upbeat Q2, Shares Jump
French banking group Credit Agricole's shares rose sharply on Thursday after it joined rivals BNP Paribas and Societe Generale in announcing better-than-expected quarterly profits driven by buoyant investment banking.
Socgen Posts Smaller-than-expected Loss After Costly Russia Exit
Buoyant activity across retail and investment banking helped Societe Generale report a smaller-than-expected loss in the second quarter as it absorbed a 3.3-billion-euro hit following the sale of its Russia unit.
SocGen Reports Smaller-than-expected Loss After Costly Russia Exit
Buoyant retail and investment banking activity helped Societe Generale to report a smaller-than-expected loss in the second quarter as it absorbed a 3.3-billion-euro hit following the sale of its Russia business.
Buoyant Q2 And New Targets Help SocGen Weather Russia Blow
A buoyant second quarter and new three-year targets helped to boost Societe Generale's shares on Wednesday, as the French bank weathered a 3.3-billion-euro ($3.4 billion) hit from the sale of its Russia business.
BNP Paribas Profit Beats Estimate As Bad Loan Provisions Dip
French bank BNP Paribas reported better-than-expected profit in the second quarter, after bad loan provisions dipped despite the economic slowdown and as businesses remained buoyant, particularly in its investment banking division.
BNP Paribas Thrived In Q2, Shares Jump
French bank BNP Paribas reported better than expected profit in the second quarter after bad loan provisions dipped and business remained buoyant in both investment and retail banking, amid torrid global markets and an economic slowdown.
Outgoing Socgen CEO Warm To Internal Successor, Union Says
The outgoing chief executive of Societe Generale is in favour of selecting an internal candidate to lead the French banking group for the next 10 to 15 years after he leaves, a union representative said after meeting Frederic Oudea.
Dollar Rally Stalls, Rivals Pursue Tentative Recovery
The dollar eased for a third straight day on Tuesday as a jump in sentiment across global markets encouraged investors to trim bets on the safe haven currency, which hit a two-decade high last week.
Dollar Rally Stalls, Rivals Pursue Tentative Comeback
The dollar eased for a third straight day on Tuesday as a jump in sentiment across global markets encouraged investors to reinvest in riskier currencies and trim bets on the safe haven greenback which hit a two-decade high last week.
Dollar Rally Pauses, Rivals Seek Tentative Recovery
The dollar eased for a third straight day on Tuesday as investors cautiously trimmed bets on a rally which sent the greenback to a two-decade high last week.
Dovish BoJ Sends Yen To 20-year Low, MOF Sends Warning Shot
The dollar shot past the key level of 130 yen for the first time since 2002 on Thursday as the Bank of Japan doubled-down on its dovish policy, triggering a warning from Japan's Ministry of Finance not to push the yen too far.
Stocks Stall As West Considers More Sanctions Against Russia
Global equity markets made a cautious start on Monday amid talk of more sanctions against Russia over its invasion of Ukraine, while a closely watched part of the U.S.
Cautious Markets Await New Sanctions Against Russia
Caution prevailed in global financial markets on Monday amid talk of more sanctions being imposed on Russia over its actions of Ukraine, while a closely watched part of the U.S.
Dollar Flat As Biden Carries New Sanction Plans To Europe
The dollar was flat against major peers on Wednesday as the boost from the U.S.
Euro Weakens As Biden Carries New Sanction Plans To Europe
The euro weakened against the dollar on Wednesday amid another sharp increase in oil and natural gas prices and while investors waited for U.S.
Euro Wavers As Traders Await EU Policy Response To War In Ukraine
The euro shed some of its overnight gains on Thursday after its steepest daily jump since 2016 as traders waited for a European Central Bank meeting and a European Union summit to shed light on the bloc's policy response to Russia's invasion of Ukraine.
Euro Extends Recovery As ECB Phases Out Stimulus
The euro on Thursday added to its overnight biggest daily jump since 2016 after the European Central Bank said it would phase out its stimulus package in the third quarter and left the door open to an interest rate hike before the end of 2022.
Euro' Gains Fizzle As Russia-Ukraine Conflict Fears Intensify
The euro's gains fizzled and the dollar received a safe-haven boost on Monday after the Kremlin said there were no concrete plans for a summit over Ukraine between the Russian and U.S.
How A French Solo Trader Made A $6.6 Billion Unauthorized Bet
A self-employed trader in France accumulated stock futures worth $6.6 billion in a single day, trading records show, raising questions among investors about how he could build up such a large position despite having only 20,000 euros in his account.