Credit Agricole reported a 71 percent fall in first-quarter net income.
France's "big five" banks make a third of their international profits in tax havens, according to an Oxfam report
European markets finished sharply higher on Wednesday as investors cheered the recovery in oil prices and mining stocks.
Credit Agricole promised stable investor returns and a solid capital base in the future as the French bank outlined plans on Wednesday to simplify its much-criticized ownership structure.
The turmoil hitting the markets and sharp plunge in banking stocks is sparking concern among the euro zone's finance ministers.
Taiwan's pro-independence Democratic Progressive Party says it is keen to maintain the status quo. The reality is far more complex.
European equities ended mixed on Thursday as investors reacted to a stronger dollar and more corporate earnings.
European equities closed down on Tuesday, as earnings reports and renewed concerns over China dominated investor sentiment.
France's finance minister will attempt this week to persuade Chinese officials to focus on the country's industrial prowess.
European equities closed slightly lower on Tuesday as investors kept an eye on earnings, oil and Greece.
Philippe Brassac makes his mark with a management reshuffle, as the bank nears a settlement with U.S. authorities on sanctions.
China's second-quarter economic growth beat forecasts, spurring some to cry foul and others to say I told you so. Here's what the experts are saying.
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.
European equities closed mostly higher on Wednesday as investors reacted to a slew of earnings reports and data, as the euro rallied against the dollar.
French bank Societe Generale reported a hike in its first-quarter net income thanks to a smaller hit from its struggling Russian unit.
The dollar fell for a second straight day against major currencies, pressured by weak US economic data as the Fed started a two-day policy meeting.
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.
European shares closed mixed, as sentiment was boosted by speculation of more credit easing in the euro zone and positive data from Germany.