Credit Agricole SA (CAGR.MI)
21 May 2019
PARIS Credit Agricole reported a bigger-than-expected fall in first-quarter net profit after an increase of costs eclipsed higher profits at its French retail bank and corporate and investment banking arm.
* Share price down 3% in early trade (Adds comments from analyst, share price)
PARIS, May 15 French bank Credit Agricole's first quarter net profits fell, as two one-off events offset profitability increases in all its main business lines.
FRANKFURT/ZURICH Talks have stalled between Deutsche Bank and UBS on a tie up of their asset management businesses due to differences over who would control the combined entity, people familiar with the matter said.
* Idea mushroomed amid Deutsche's talks with Commerzbank (Updates with background, context, no comment from UBS)
April 17 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:
April 17 Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks.
PARIS, April 17 French bank Credit Agricole and Spanish bank Santander plan to combine their custody and asset servicing operations in a deal that would create a new global leader, the banks said on Wednesday.
FRANKFURT Credit Agricole needs to reduce costs at its investment bank but will stop short of restructuring, a senior official said as the industry faces slowing revenue.
FRANKFURT, April 10 Credit Agricole needs to reduce costs at its investment bank but will stop short of restructuring, a senior official said as the industry faces slowing revenue.