The dollar rose against the euro on renewed worries over a Greek exit from the eurozone, while the New Zealand dollar plunged against the greenback.» Read More
WASHINGTON, March 12- Commerzbank AG has agreed to pay U.S. authorities $1.45 billion to resolve sanctions violations, the latest big European bank to acknowledge moving funds through the U.S. financial system for countries like Iran and Sudan. Commerzbank is the latest in a series of big foreign banks that have been penalized for sanctions-related...
France's third-largest listed bank said that it would also propose that Xavier Musca, currently one of several deputy CEOs, be appointed second executive director. The mutuals are eager to tighten their grip on CASA after it suffered heavy losses on acquisitions in Greece and Portugal that went sour in recent years under Chifflet's leadership.
PARIS, Feb 24- Credit Agricole said Philippe Brassac, a senior executive at its network of regional mutuals, would become chief executive after Jean-Paul Chifflet's steps down in May. France's third-largest listed bank said that it would also propose that Xavier Musca, currently one of several deputy CEOs, be appointed second executive director.
European shares finished higher with investors reacting to a slew of earnings and ongoing negotiations surrounding Greece's bailout program.
Credit Agricole has given itself until the end of next week to decide on a new CEO, the French bank said.
With Russia's emergency rate hike failing to arrest the ruble's meltdown, authorities may soon be forced to roll out capital controls, say analysts.
PARIS, Dec 5- Credit Agricole Chairman Jean-Marie Sander was removed this week from the board of a set of mutually-owned regional banks, a spokesman said on Friday, an indication he has lost the support of a grouping that is its main shareholder. The regional mutual banks voted not to reappoint Sander as the deputy chairman of the Federation Nationale du Credit...
SHANGHAI/ HONG KONG, Dec 4- Chinese brokerage Haitong Securities Ltd is in talks to buy Portuguese bank Banco Espirito Santo's investment banking unit as Chinese finance firms snap up more overseas assets to try to offset slowing growth at home. A purchase of the bailed-out Portuguese lender's unit would be Haitong's first acquisition outside China and Hong...
European shares closed mixed, as sentiment was boosted by speculation of more credit easing in the euro zone and positive data from Germany.
Dariusz Kowalczyk, Senior Economist & Strategist at Credit Agricole, says the HK-Shanghai trade link will fuel a rise in China's capital inflows, underpinning strength in the renminbi.
European stocks closed lower on Friday after the U.S. economy produced fewer than expected jobs in October and tensions in Ukraine flared.
French President Francois Hollande suggested he will not stand for re-election if the country's unemployment rate remains high.
European shares closed mixed on Thursday, after ECB President Mario Draghi hinted as to the possibility of further aggressive stimulus measures.
Societe Generale highlights results in a "difficult environment" while rival Credit Agricole criticizes "lack of coherence."
Europe shares ended the day higher after the Bank of England outlined tougher leverage rules for banks and the Bank of Japan upped stimulus measures.
Exports are regarded as the bright spot in China's slowing economy, but growing evidence suggests firms are "over-invoicing" outbound shipments.
China's third quarter gross domestic product report delivered an upside surprise, helping calm investor nerves over the faltering global recovery.
Market volatility may look scary and safe-haven Treasurys may be rallying, but investors shouldn't chase them higher, analysts said.
The U.S. dollar's bull run has been a headwind for Asian currencies in recent months, but one outlier is swimming against the tide: the Chinese yuan.
Chinese stocks wavered between gains and losses on Wednesday, the first trading session after a week-long holiday closure.