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Credit Agricole


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4Vote!

Credit Agricole upped to buy at Deutsche Bank

LONDON (MarketWatch) -- Credit Agricole was upped to buy from hold at Deutsche Bank ahead of the French lender's results after the close of trade. "Our work shows the worst is over: State capital has been redeemed and the investment banking restructuring is ongoing. This leaves the bank more exposed to activities with strong growth potential: the main business is now asset gathering while...

3Vote!

UPDATE 2-Credit Agricole to name Chifflet CEO-source

PARIS, Nov 6 (Reuters) - Credit Agricole will name Jean-Paul Chifflet as new chief executive of France's largest bank by branches next year, a source within the bank said Friday, confirming a report on the web site of Les Echos.

3Vote!

Margareta Pagano: Even at an Aldi discount, Lloyds is still a gamble

Michel Pébereau, the head of BNP Paribas, the French banking giant, told me an age ago how he would love to buy Lloyds Bank but couldn't afford to because of the huge premium he would have to pay for what was then one of the most profitable banks in the world. Another top French banker, René Carron, the boss of Crédit Agricole, also admitted to me after he had been on a shopping spree buying...

3Vote!

French Digital Comic Publisher Aquafadas Receives €1.2 Million Funding

French digital publishing company Aquafadas has raised €1.2 million (£1 million) from Credit Agricole Private Equity and Soridec (via Neteco.com ) The two-year-old Montpellier-based company, which provides online ad services, mobile apps and runs the digital comics business Ave!Comics, made revenues of €580,000 in 2008 largely through sales of Mac-based video software. The new...

3Vote!

Liquid Granite and the hunt for a carbon-neutral cement

... about the exact formulation of Liquid Granite, and with good reason: by 2020, the French bank Credit Agricole estimates, demand for cement will be 50% greater than today, and a new carbon-free building material could reap huge rewards. All that Mangat will say is that Liquid Granite is made from an inorganic powder, 30-70% of which is recycled industrial waste materials. Using the same aggregates...

3Vote!

1,2 million euros for Aquafadas and its digital comic solutions Ave!Comics

The list of last week is already obsolete, and that's great! French company Aquafadas has announced having raised 1,2 million euros with Credit Agricole Private Equity and Soridec. Aquafadas started its activities by creating several Mac software for facilitating the use and operations with pictures or videos : create Flash banners with pictures for blogs or websites, create powerful animations...

5Vote!

Societe Generale Third-Quarter Net Doubles on Investment Bank

... fact that SocGen’s investment banking arm swung to a profit from a year-earlier loss. Last week, Credit Agricole (CAGR.PA) — the country’s biggest bank by branches — denied a report in Le Monde that it was considering a merger with SocGenand insurer Groupama. La Tribune newspaper said on Wednesday that BNP Paribas (BNPP.PA) was looking at SocGen. Banks rebounded, after steep losses on Tuesday....

5Vote!

Royal Bank of Scotland- RBS and Lloyds Banking agreed to caps on bankers bonuses, Asset sales

... Management Service (PMS) The London Stock Exchange LSE In Exclusive Talks To Buy Turquoise France Credit Agricole bank to repay 3 bln State Aid Lloyds Banking would have to pay 2 Billion-Pound to exit government asset protection scheme Royal Philips coming out of the recession, Posts Unexpected Profit, helps European stocks advance Societe Generale set to raise 4.8bn euros, in talk with...

3Vote!

No Saudi interest rate change in Q3 - central bank

... lending because of risk aversion," said John Sfakianakis, chief economist at Banque Saudi Fransi-Credit Agricole. "In the case of a rate increase, they need to have more data ... a few more months of steep inflation increase, which would make them take action." The annual inflation rate in the world's largest oil producer stood at 4.4 percent in September, down from 10.4 percent a year ago....