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.» Read More
The chairman of CITIC Securities is busy remodeling China's biggest brokerage after Goldman by expanding into asset management, trading complex derivatives instruments and nurturing overseas deals.
European shares finished lower Monday, after comments from the head of the Eurogroup who said a Cyprus bailout deal could be a new template for resolving euro zone banking problems.
Mike Mayo is now trying to get back in—by buying up shares in bank stocks, an effort to gain entre to key investor meetings usually closed off to analysts.
U.S. stock index futures briefly dipped Wednesday following a weaker-than-expected housing starts report, but rebounded into positive territory ahead of the minutes from the Federal Reserve's latest meeting and a day after all three major averages closed at fresh multi-year highs,
Credit Agricole posted a 6.5 billion-euro ($8.68 billion) full-year loss - the worst since the French bank went public in 2001 - as taxes on the sale of its Greek unit pushed the bank even deeper into the red than expected.
French bank Societe Generale has named a new chief financial officer and reshuffled its management team after swinging to a loss in the fourth quarter on the back of a weak euro zone economy and one-off charges.
Monte dei Paschi pumped up its bid for Antonveneta to trump a rival offer from France's BNP Paribas, paving the way for an eventual state bailout of the world's oldest bank.
European shares inched up on Friday, as investors took advantage of the past two sessions' losses to snap up equities more cheaply, reassured by a run of solid data from China, Europe and the United States.
The Netherlands has nationalized bank and insurance group SNS Reaal in a $14 billion rescue that highlights the fragility of European banks and the continued exposure of taxpayers five years after the financial crisis erupted.
French bank Credit Agricole warned on Friday that its fourth quarter results would be battered by 3.8 billion euros ($5.16 billion) in charges as the French bank reels from ill-timed acquisitions from before the 2008 financial crisis.
The heads of France's top three banks will face questions on Wednesday from a parliamentary committee looking into proposed reforms designed to curb risky trading and beef up regulatory oversight.
Weak GDP data for the U.K. wasn't enough to stop European shares rising on Friday as Germany's DAX Index reached a level not seen since January 2008 after business climate data was released.
European shares ended mostly flat on Wednesday, bouncing off intraday lows as many investors used the early dip to boost their exposure to equities.
European shares finished in negative territory Monday, but financials helped limit losses after global banking regulators announced a watering down of key elements of their plan for banking rules.
Europe's largest financial institutions, which have been readjusting since the onset of the 2008 financial crash and the sovereign debt crisis that followed, are causing pain all over the globe that will have long term implications, according to analysts. They argue that the situation will only worsen without the proposed European banking union.
European shares closed higher on Wednesday after business confidence data was released in Germany showing an increase.
European shares ended mixed Tuesday amid "fiscal cliff" discussions in the U.S., but losses were limited as EU finance ministers met in Brussels to discuss details of a possible banking union.
Oct 11- Following are terms and conditions. of a bond priced on Thursday.
Oct 11-:* CIBC raises Air Canada target price to C $3 from C $1.50. *CIBC raises Canadian Pacific Railway target price to C $83 from C $82. *CIBC cuts Chorus Aviation target price to C $4 from C $4.50.
RIYADH, Oct 10- Banque Saudi Fransi, the lender part-owned by Credit Agricole, posted a 12.9- percent drop in its third-quarter net profit that missed analysts forecasts, it said in a bourse statement on Wednesday.