Search Results for: Crédit Agricole
Euro to Pound: Analysts of global financial firm eye breaking of £0.90
June 1st, 2017
EUR / GBP Outlook: Morgan Stanley Eye Breaking of £0.90 Expect the Euro to make further gains against the British Pound say analysts at one of the world’s largest investment banks. “We are buyers of most EUR crosses, helped ...
European markets continue rally after first round of the French election
April 24th, 2017
European markets continue rally after Macron’s victory; French banks soar; CAC up 4% European markets extended gains during mid-afternoon trade on Monday after centrist French presidential candidate, Emmanuel Macron, won the first round of the French election. The pan-European ...
European banks stashing billions in tax havens
March 27th, 2017
Europe’s largest banks are draining public coffers by stashing billions of profits offshore. A 52-page report, by international aid agency Oxfam out on Monday (27 March), estimates €25 billion of banker money ended up in tax havens in 2015. ...
COMCO fines banks for participating in the EURIBOR cartel
December 21st, 2016
The Competition Commission (COMCO) has closed its investigation against certain banks related to interest rate derivatives in euro with an amicable settlement and imposes total fines of approximately CHF 45.3 million. COMCO reached the conclusion that between September 2005 ...
Three major Banks fined €485 million for Euribor fix cartel
December 7th, 2016
The European Commission has fined Crédit Agricole, HSBC and JPMorgan Chase, a total of € 485 million for participating in a cartel in euro interest rate derivatives. The banks colluded on euro interest rate derivative pricing elements, and exchanged ...
Asia Stocks Rise Most in Three Weeks as Oil Hits $50, Bonds Drop
December 1st, 2016
U.S. oil climbs above $50, building on 9.3% gain on Wednesday Private jobs data adds to U.S. rate outlook before payrolls Asian equities rallied the most in three weeks as a deal to cut global oil output lifted energy ...
Asian Stocks Rise With Metals on China PMI as RBA Boosts Aussie
November 1st, 2016
Australian rate-cut bets pared after central bank meeting China manufacturing gauges increase to two-year highs Asian stocks reversed losses and industrial metals rallied after an unexpected pickup in manufacturing in China, the biggest driver of global economic growth. Australia’s ...
Europe eyes lackluster open; bank earnings in focus
August 3rd, 2016
European stocks traded slightly lower on Wednesday but banking stocks, thanks to results from HSBC and Societe Generale, rallied as investors digest some more earnings and a fall in the oil price. The pan-European STOXX 600 was down 0.28 percent. Banks in ...
EU mergers and takeovers
August 2nd, 2016
Aug 2 The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS — Sony Corp to buy out the Michael Jackson estate’s stake in its music publishing ...
Swift: 73 banks worldwide joined the global payments innovation initiative
July 1st, 2016
More than 70 banks worldwide collaborate to dramatically improve the cross-border payments experience with greater speed, transparency and end-to-end tracking SWIFT announces today that 73 banks worldwide have now joined its global payments innovation initiative, designed to improve the cross-border ...
