The U.S. dollar was supported by hopes U.S. job growth would pick up in the wake of last week's data.» Read More
*Platinum firm; unrest in South Africa continues By Amanda Cooper. Spot gold was up 0.9 percent on the day at $1,785.80 an ounce at 1445 GMT, having fallen earlier by as much as 0.4 percent to a low of $1,762.94, before a flurry of fund-related buying saw nearly 4.0 million ounces change hands on the futures market in a matter of moments, traders said.
By Dinesh Nair and Patrick Werr DUBAI/ CAIRO, Oct 1- Dubai's Emirates NBD. and Morocco's Attijariwafabank have bid for BNP Paribas' Egyptian retail arm, four banking sources said, as regional banks look to pick up assets being shed by European lenders.
*Three-month Euribor rate rises for first time in 3 months. LONDON, Oct 1- Key Euribor interbank lending rates rose on Monday for the first time in three months as expectations that the European Central Bank could cut interest rates this week are fading.
*Dubai lender ENBD and Morocco's Attijari among bidders. DUBAI/ CAIRO, Oct 1- Dubai's Emirates NBD. and Morocco's AttijariWafabank have bid to buy BNP Paribas' Egyptian retail arm, four banking sources said, as regional banks pick up assets being shed by European lenders.
*Possible 1 bln euro earnings hit- Mediobanca analysts* Deal to be completed by year-end. PARIS/ ATHENS, Oct 1- Credit Agricole announced plans on Monday to pay Alpha Bank 550 million euros to take Greek lender Emporiki off its hands, on top of billions it already injected into the subsidiary during the country's slide into economic depression.
LONDON, Sept 28- Take on a little risk, maybe, but not too much.
PRAGUE, Oct 1- Telefonica Czech Republic. The loan facility is priced at 175 basis points over the three-month interbank PRIBOR rate, the Czech unit of Spain's Telefonica said. The loan was arranged by UniCredit Bank Czech Republic, Erste's Ceska Sporitelna, Societe Generale.
Frédéric Oudéa,CEO of Société Générale, told CNBC, "We decided to have a very conservative approach in terms of market risk and we have actually very good and well balanced contribution over different activities. I am happy with the performance; the commercial revenues are solid with very low market risk."
Willie Williams, Societe Generale, discusses growing concerns that the ECB may become less proactive.
Headhunters say the recent lay-offs in Asia’s banking industry are just the beginning and expect there will be far worse to come, predicting the total size of the sector in the region could shrink by more than 20 percent. The FT reports.
Julian Callow, Barclays Capital chief European economist, discusses the state of UK and European banks as Italian bond yields rise to worrisome levels. "Banks will be pressured to raise capital," he says.
Moody’s downgrade of 12 British banks last week is irrelevant to the current state of the UK banking sector, analysts told CNBC.com, adding that hell has a better chance of freezing than any British bank failing.
The Fast Money traders discuss today's pops and drops. Also, sharing perspective on where the euro is headed, with Willie Williams, Societe General director.
Jeffrey Gundlach, CEO and CIO of the fixed-income investment management firm DoubleLine Capital, told CNBC Tuesday “junk bonds are actually cheap now. They’ve gone from the richest in history to a massive underperformance versus government bonds.”
Tim Backshall, Capital Context, discusses Societe Generale CEO Frederic Oudea's comments that the French banking giant is fine despite looming worries in the markets.
"We need to fundamentally change the DNA of the banking system. Something like risk management needs to be rethought completely," Don Tapscott, author of Wikinomics & chairman of nGenera Insight think tank, told CNBC.
"A common European treasury will reduce the cost of financing, and ease pressure on states," Patrick Legland, head of research at Societe Generale, told CNBC.
Investors will have to deal with an avalanche of news flow from Europe on Wednesday ahead of a crucial meeting of euro zone finance ministers and US Treasury Secretary Tim Geithner on Friday.
"The biggest problem we have in Europe and elsewhere at the moment is confidence," Sir Michael Rake, BT Chairman, told CNBC.
Moody's Investors Service said on Wednesday that it downgraded the credit ratings of Societe Generale and Credit Agricole, marking the latest in a series of blows to French banks that have recently punished European stocks.