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Top related persons:
Marcin Goclowski - 1 Morgan - 1 Amundi - 1 Degroof - 1 Mathieu Rosemain - 1 Augustin Turpin - 1 Silvia Aloisi - 1 Jason Neely - 1
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Credit Agricole - 1 REUTERS - 1 Credit - 1 Credit Agricole Group - 1 Societe Generale - 1 BNP - 1 Deutsche Bank - 1 Barclays - 1

Search resuls for: "Credit Agricole Group"


3 mentions found


☆ Credit Agricole beats forecasts on strong investment bank boost
  + stars: | 2023-11-08 | by ( Mathieu Rosemain | Thomson Reuters | Mathieu Is Part Of Reuters' Finance Team | ) www.reuters.com   time to read: +2 min
[1/2] The branch of Credit Agricole bank is seen in Warsaw, Poland, July 3, 2018. Its net income jumped 33% to 1.75 billion euros ($1.87 billion), above the 1.37 billion expected by analysts in a company-compiled poll. Group revenue rose 19% to 6.34 billion euros, topping the 5.99 billion expected by analysts. It reported lower-than-expected provisions of 429 million euros, helping its bottom line. Credit Agricole controls Europe's largest fund manager Amundi (AMUN.PA) and recently announced plans to acquire Belgian wealth management firm Degroof Petercam.
Persons: Marcin Goclowski, Morgan, Amundi, Degroof, Mathieu Rosemain, Augustin Turpin, Silvia Aloisi, Jason Neely Organizations: Credit Agricole, REUTERS, Credit, Credit Agricole Group, Societe Generale, BNP, Deutsche Bank, Barclays, Thomson Locations: Credit, Warsaw, Poland, PARIS, Italy, France
☆ Credit Agricole's Q1 earnings beat expectations on trading sales boost
  + stars: | 2023-05-10 | by ( Mathieu Rosemain Matthieu Protard | Mathieu Rosemain | Matthieu Protard | ) www.reuters.com   time to read: +2 min
SummarySummary Companies Q1 investment bank sales up 20%Trading activity outperforms peersConfirms 2025 targetsPARIS, May 10 (Reuters) - Credit Agricole SA (CAGR.PA), France's second-biggest listed bank, posted better-than-expected earnings on Wednesday, as market volatility boosted trading revenue. This helped drive Credit Agricole's quarterly sales to 6.12 billion euros ($6.74 billion), up 9.6% from a year earlier, while net income more than doubled to about 1.23 billion euros. Both figures beat market expectations of 5.9 billion euros and 816 million euros, respectively, according to an analyst consensus compiled by the company. Deposit levels were stable in the quarter from a year earlier for the group, Credit Agricole said. The cost of risk -- money set aside for failing loans -- fell to 374 million euros, as concerns linked to the war in Ukraine subsided.
☆ Crédit Agricole Subsidiaries to Settle Alleged Violations of U.S. Sanctions
  + stars: | 2022-09-26 | by ( Mengqi Sun | ) www.wsj.com   time to read: +2 min
Two subsidiaries of French bank Crédit Agricole Group’s corporate and investment banking arm have agreed to pay more than $1.12 million in civil penalties to settle alleged violations of U.S. sanctions, the Treasury Department said on Monday. Separately, CFM Indosuez Wealth, a Monaco-based indirect subsidiary also of Crédit Agricole Corporate and Investment Bank, has agreed to pay $401,039 for allegedly violating sanctions against Cuba, Iran and Syria, OFAC said. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. PREVIEW Representatives of Crédit Agricole Corporate and Investment Bank didn’t immediately respond to a request for comment. The two subsidiaries were responsible for implementing the compliance policies of their two parents, Crédit Agricole SA and its investment banking arm, but failed to do so from as early as 2011 until 2016, according to OFAC.
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