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...It was enough to drag down shares of other French lenders, with Société Générale and Crédit Agricole sliding 3 per cent and 2 per cent respectively....
...and have therefore not purchased credits,” it said....
...Santander has agreed to hire the former co-head of Credit Suisse’s investment bank, David Miller, who becomes the latest executive to join from the collapsed Swiss lender....
...“We believe this is a good time for investors with low debt given the tightening of credit conditions, which is reducing competition for potential acquisitions of a reasonable size....
...Crédit Agricole, Atos, Attestor and the French bank lenders declined to comment. Crédit Agricole’s stance was first reported by online publication L’Informé....
...Crédit Agricole had in 2018 entered a partnership with German payments company Wirecard, which it paused amid concerns around the now-collapsed group’s accounting....
...French lender Crédit Agricole has taken a 7 per cent stake in payments group Worldline as part of a “strategic partnership” with the aim of building a joint venture in merchant payments this year....
...Crédit Agricole’s main competitor in the mortgage market is BPCE, which is behind retail brands like Banque Populaire....
...The bank sounded one note of caution on its car financing business Arval — an area where French rivals Société Générale and Crédit Agricole are also big operators — saying used car values were now falling...
...Crédit Agricole will also provide debt financing to back Geiger. Blackstone and Goldman Sachs Asset Management declined to comment....
...Before investors give Alstom much more credit, they will want to see evidence that the group can avoid nasty shocks. The gravy train is a way off yet. camilla.palladino@ft.com...
...But the French asset manager, controlled by Crédit Agricole, is taking to their turf....
...First, the downgrades could put selling pressure on not just Altice France, but all CCC-rated credits....
...Crédit Agricole posted a 25 per cent drop in net income to €1.33bn, though it set aside less money than expected against soured loans....
...Big bancassurers such as France’s Crédit Agricole and KBC of Belgium could capitalise on rule changes....
...Companies: Updates are expected from Anglo-Swedish drug giant AstraZeneca, British American Tobacco, French lender Crédit Agricole, France’s L’Oréal, advertising company Publicis, Germany’s Siemens and Watches...
...The French group, the world’s second-biggest train maker after China’s CRRC, has been seeking to slice €2bn off its debt including through asset sales to avoid a credit downgrade to junk status....
...Agricole said it was taking a 7 per cent stake in the business as part of a “strategic partnership”....
...CACEIS, meanwhile, is a custody and asset servicing business jointly owned by European banks Crédit Agricole and Santander and was the longtime custodian of H2O’s funds....
...That contrasted with a smaller 3 per cent fixed-income revenue drop for French rival Crédit Agricole, which reported record earnings at its investment bank in quarterly results on Friday, a rise in net income...
...Crédit Agricole, one of its biggest creditors, has been backing away from refinancing the company, the Financial Times has reported....
...This phenomenon is expected to ease by next year as the usury rate goes up but will still spell short-term pain for other French banks such as Crédit Agricole and Société Générale....
...Wall Street banks China’s Tianqi Lithium’s $4bn bet on Chile at risk of backfiring Israel weighs response to unprecedented attack by Iran Pressure mounts on US lawmakers to approve new aid for Israel Credit...
...That move was an important step in setting the stage for Russia’s own sovereign default in June 2022 and the payout of credit default swaps to investors on both Russia’s sovereign debt and that of affected...
...At 2mm, roughly the thickness of two credit cards, the Altiplano Ultimate Concept Tourbillon is expected to break a record held since 2018 by Bulgari’s 3.95mm Octo Finissimo Tourbillon Automatic....
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