French bank Credit Agricole SA (ACA.FR) said Friday that its fourth-quarter results will be hit by goodwill impairment charges totaling EUR2.68 billion ($3.64 billion), citing tighter regulatory requirements and the current financial environment.
Source: FULL ARTICLE at Fox Business Headlines
Tag Archives: FR
Areva CEO: Reinforcing Security Measures at Niger Uranium Mines
Areva SA (AREVA.FR) is working with the government in Niger to reinforce security measures at uranium mines in the country, following France‘s military intervention in neighboring Mali, the French state-owned nuclear company’s chief executive said Thursday.
Source: FULL ARTICLE at Fox Business Headlines
Credit Agricole To Sell Part Of Bankinter Stake
French bank Credit Agricole (ACA.FR) said Thursday it is selling a chunk of its stake in Spanish bank Bankinter (BKT.MC) to institutional investors, as the French lender continues its exit from recession-ridden markets in southern Europe.
Source: FULL ARTICLE at Fox Business Headlines
French Market Regulator Won't Sanction Mail On Sunday on SocGen Story
France’s stock market regulator the AMF said Tuesday it won’t impose sanctions on U.K. newspaper the Mail on Sunday after the tabloid published an article claiming French bank Societe Generale SA (GLE.FR) was on the brink of collapse and sending its share price tumbling.
Source: FULL ARTICLE at Fox Business Headlines
Enagas Consortium Pulls Out of Bidding For France's TIGF
A consortium of firms led by Spanish natural gas transport company Enagas SA (ENGGY, ENG.MC) won’t make a formal offer for French Total SA’s (TOT, FP.FR) gas storage unit TIGF, Enagas said Monday.
Source: FULL ARTICLE at Fox Business Headlines
BNP Paribas to Invest €1 Billion to Improve Efficiency
French bank BNP Paribas SA (BNP.FR) plans to invest up to 1 billion euros ($1.33 billion) in a new restructuring plan aimed at improving the bank’s efficiency, according to a trade union representative.
Source: FULL ARTICLE at Fox Business Headlines
BNP Paribas to Invest EUR1 Billion to Improve Efficiency – Source
French bank BNP Paribas SA (BNP.FR) plans to invest up to 1 billion euros ($1.33 billion) in a new restructuring plan aimed at improving the bank’s efficiency, according to a trade union representative.
Source: FULL ARTICLE at Fox Business Headlines
BNP Paribas Names New Deputy Head for International Retail Banking
French bank BNP Paribas SA (BNP.FR) said Wednesday it had appointed Jean-Paul Sabet as deputy head for its international retail banking activities.
Source: FULL ARTICLE at Fox Business Headlines
Two Final Bidders Left for Total's TIGF Unit – Sources
Two consortia led by French power group Electricite de France SA (EDF.FR) and state-owned financial institution Caisse des Depots are the remaining bidders for Total SA’s (TOT) gas storage unit TIGF, according to people with direct knowledge of the matter.
Source: FULL ARTICLE at Fox Business Headlines
SocGen Trade Unions Call One-Day National Strike
Trade unions at French bank Societe Generale SA (GLE.FR) called a one-day national strike Tuesday to protect jobs at the bank as it continues its cost cutting plans.
Source: FULL ARTICLE at Fox Business Headlines
Belgium Hires Banks for June 2023-Dated Government Bond Issuance
Belgium has hired Barclays PLC (BCS), Citigroup Inc. (C), Royal Bank of Scotland PLC (RBS.LN) and Societe Generale SA (GLE.FR) as joint bookrunners for a planned syndicated issuance of a 10-year benchmark bond, maturing June 22, 2023, the Belgian Debt Agency said Tuesday.
Source: FULL ARTICLE at Fox Business Headlines
SocGen Denies Getting Liquidity with Insufficient Collateral
French bank Societe Generale SA (GLE.FR, SCGLY) said Monday that it didn’t receive liquidity with insufficient capital due to a technical difficulty at the Banque de France last summer.
Source: FULL ARTICLE at Fox Business Headlines
BNP Paribas Plans 5-Year Senior Unsecured Bond
French bank BNP Paribas (BNP.FR) plans a five-year euro-denominated senior unsecured bond, the bank, which is the sole manager on the deal, said Thursday.
Source: FULL ARTICLE at Fox Business Headlines
Groupama Reduces its Stake in Societe Generale
French insurance group Groupama has reduced its direct and indirect shareholding in French banking group Societe Generale (GLE.FR) and now controls 2.84% of the bank’s capital and 4.86% of its voting rights, according to a filing with French financial markets supervisor Autorite des Marches Financiers Monday.
Source: Fox Business Headlines
SocGen Chief Financial Officer Leaves the French Bank
French bank Societe Generale SA (GLE.FR) said Tuesday that Chief Financial Officer Bertrand Badre was leaving the bank to take on a new role at the World Bank.
Source: Fox Business Headlines
Mittal Says Florange Furnace Deal Is Good Compromise – Report
The deal between ArcelorMittal (MT.FR) and the French government over the furnaces in Florange “is a good compromise,” the steel company’s chairman and chief executive Lakshmi Mittal said in an interview with French daily Le Figaro released Thursday.
Source: Fox Business Headlines
Credit Agricole Plans Two-Year Euro Floating-Rate Note
French lender Credit Agricole SA (ACA.FR) is planning a euro-denominated, two-year, senior unsecured, floating-rate note, the bank said Friday.
Source: Fox Business Headlines
Societe Generale SFH Prices EUR1.5 Billion Covered Bond
French lender Societe Generale SA (GLE.FR) priced a five-year covered bonds Thursday, a bank working on the deal said.
Source: Fox Business Headlines
Societe Generale Plans 5-Year Euro Benchmark Covered Bond
French lender Societe Generale SA (GLE.FR) plans to sell five-year covered bonds denominated in euros Thursday, a bank working on the deal said.
Source: Fox Business Headlines