Credit Agricole SA


  • US indexes drift a day after record; Express gains Wednesday, 27 Aug 2014 | 1:06 AM ET

    Trading volume was light ahead of the Labor Day holiday weekend. KEEPING SCORE: The S&P 500 fell a point to 1,998 as of 12:19 p.m. Eastern. THE QUOTE: Trading volumes were "extraordinarily light," as many people in the financial sector traditionally take time off the last week of August, said Lawrence Creatura, portfolio manager at Federated Investors.

  • Asian stocks modestly higher following S&P record Tuesday, 26 Aug 2014 | 5:37 AM ET

    It was a big round-number day for the stock market. "There's perhaps a small psychological boost when you get over such a significant price level," said Cameron Hinds, regional chief investment officer at Wells Fargo Private Bank.

  • Talk of ECB action grows as European economy fades Monday, 25 Aug 2014 | 4:36 AM ET

    FRANKFURT, Germany— Worries about the economy are rippling through Europe. Downbeat data have pushed the European Central Bank closer to more drastic action to keep the hesitant recovery from stalling completely.

  • Expectations of ECB help drive down eurozone rates Friday, 22 Aug 2014 | 1:37 PM ET

    Investors appear to be putting their money on the likelihood of more stimulus measures from the European Central Bank to keep the eurozone's shaky recovery from stalling. They will be closely watching ECB President Mario Draghi's speech for more clues later Friday at a global banking conference in Jackson Hole, Wyoming.

  • China manufacturing drags on Asian stock markets Wednesday, 20 Aug 2014 | 3:55 AM ET

    NEW YORK— The stock market rose for a third straight day Wednesday despite a report from the Federal Reserve that showed a growing chorus of central bank officials willing to raise interest rates sooner rather than later. In the bond market, prices fell and yields rose as investors prepared themselves for higher interest rates.

  • Stocks rise as US home construction rebounds Tuesday, 19 Aug 2014 | 4:08 AM ET

    The Standard& Poor's 500 index closed within six points of its all-time high Tuesday, less than two weeks after slumping on concerns about rising tensions in Iraq and Ukraine. Home Depot, the nation's largest home improvement retailer, rose after raising its annual profit forecast following a strong spring selling season.

  • Asia stocks rise after US gains, Ukraine diplomacy Monday, 18 Aug 2014 | 12:14 AM ET

    Dollar General jumped after making a bid for retailer Family Dollar, a rival discount store. The offer topped a bid made last month by Dollar Tree, another discount retailer. Investors had become skittish on concerns that the tensions between Russia and Ukraine were escalating.

  • Retail giant way off-Target, may signal trouble Tuesday, 5 Aug 2014 | 9:48 AM ET

    Are Target's troubles merely anomalies, or symptomatic of the economy's problems, despite strong earnings reports?

  • Credit Agricole writes down BES stake     Tuesday, 5 Aug 2014 | 2:00 AM ET

    Chris Tinker, founder of Libra Investment Services, discusses the 708 million euro ($950 million) hit related to Credit Agricole's stake in troubled Banco Espirito Santo.

  • Credit Agricole takes $950M Espirito Santo hit Tuesday, 5 Aug 2014 | 1:19 AM ET
    A pedestrian passes a Credit Agricole SA bank branch in Rodez, France.

    Credit Agricole said it took a $950 million hit related to its stake in Espirito Santo that nearly wiped out the bank's second-quarter net profit.

  • Portugal bites the bullet on a bank bailout Monday, 4 Aug 2014 | 10:05 AM ET

    Portugal bailed out Banco Espirito Santo (BES), its biggest bank. Get used to seeing this.

  • The bad news to China's good growth data is... Wednesday, 16 Jul 2014 | 1:06 AM ET
    Crowds on Nanjing Road, Shanghai, China

    China posted better-than-expected GDP figures, but economists say there's little evidence of progress in rebalancing its economic growth model.

  • Commerzbank may pay $600-$800M to settle US probe Thursday, 10 Jul 2014 | 1:50 AM ET

    Commerzbank may pay between $600 and $800 million to resolve investigations into its dealings with countries under U.S. sanctions, sources said.

  • NEW YORK, July 9- German lender Commerzbank AG is expected to pay between $600 million and $800 million to resolve investigations into its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said.

  • BNP pleads guilty again in $9B US sanctions accord Wednesday, 9 Jul 2014 | 7:25 PM ET
    The logo of the French bank BNP Paribas on June 24, 2014 in Lille, France.

    BNP pleaded guilty to conspiring to violate U.S. sanctions, as part of a nearly $9 billion settlement in which it admitted to breaking embargoes.

  • Malaysia rate hike: Will they or won't they? Wednesday, 9 Jul 2014 | 6:44 PM ET

    Strong economic growth and rising inflation have raised the odds that Malaysia's central bank could hike rates for the first time in three years.

  • NEW YORK, July 9- BNP Paribas, for the second time in nine days, pleaded guilty on Wednesday to conspiring to violate U.S. sanctions, as part of a nearly $9 billion settlement in which the French bank admitted to breaking embargoes against Sudan, Cuba and Iran. District Judge Lorna Schofield accepted the plea at a hearing in Manhattan federal court.

  • US bank scrutiny shifts to Commerzbank and Germany Tuesday, 8 Jul 2014 | 2:38 AM ET

    U.S. authorities have begun settlement talks with Commerzbank over its dealings with blacklisted countries, the New York Times reports.

  • Milk got your carry trade? Wednesday, 2 Jul 2014 | 7:13 PM ET
    Dairy cows at a farm operated by Synlait Milk in the town of Rakaia, around 60km from Christchurch, New Zealand

    Milk prices may unravel the popular carry trade of using currencies such as the yen or U.S. dollar to buy higher-yielding New Zealand dollar assets.

  • Singapore carves out gold hub that may rival London Thursday, 26 Jun 2014 | 6:49 PM ET

    Singapore, an Asian hub for banking and finance, is ramping up its bid to become a center for gold trading that may one day rival London.