Crédit Agricole is seeking a postive impact on its Core Tier One ratio by taking an increased share in Amundi from co-owner Société Générale, while disposing of its half of the jointly owned brokerage business Newedge Group.
Pioneer Investments has added two senior investment professionals to its European fixed income team in an effort to strengthen its offering.
Crédit Agricole has agreed to sell its Greek banking arm Emporiki to Alpha Bank AE for €1, following six-years of consecutive losses from the firm, severely hit by the sovereign-debt crisis.
Multi-asset brokerage and clearing house Newedge has appointed Ghislaine Mattlinger as group chief financial officer (CFO) and member of the Newedge Executive Committee.
Credit Agricole is getting closer to exiting the Greek market as the French lender confirmed it is assessing takeover offers from several Greek banks for its subsidiary Emporiki.
Greece is only being kept in the euro to enable banks in northern Europe to retrieve money they have in the stricken nation, said Old Mutual’s Christine Johnson.
Brokerage and clearing company Newedge has developed its clearing facilities for interest rate swaps (IRS), in partnership with Societe Generale Corporate & Investment Bank and Crédit Agricole Corporate and Investment Bank.
French regulatory body the AMF has announced the end of the short selling ban regarding French securities of the financial sector.
Three major French banks (Crédit Agricole, Société Générale and BPCE) have been downgraded by Standard & Poors. BNP Paribas is the only major French bank to be exempt from the ratings cull.
Coller Capital, the UK-based secondaries funds specialist, has snapped up the private equity arm of Crédit Agricole, as well as most of the funds managed by the subsidiary.
Crédit Agricole has appointed Olivier Toussaint as chief executive of its private banking subsidiary, Banque de Gestion Privée Indosuez, to replace Hervé Catala who will become chairman of Crédit Agricole’s management board.
Applying US investor Warren Buffett’s own theories of investing throws up seven key stocks that Crédit Agricole Cheuvreux believes the “Sage of Omaha” should consider adding to his own portfolio. Here are extracts of their “letter”.