Edition:
United States

Matthieu Protard

SocGen's profits rise, French retail bank weakness hits shares

Aug 03 2018

PARIS Societe Generale on Thursday reported higher second-quarter profits, supported by its overseas businesses, but a sluggish performance at its retail bank in France weighed on its shares.

Credit Agricole banks forecast-beating rise in second-quarter profits

Aug 03 2018

PARIS French bank Credit Agricole delivered a rise in second-quarter profits on Friday that beat market forecasts and lifted its shares, driven by a good performance in Italy and its investment bank and asset management units.

Global business helps BNP Paribas weather investment bank weakness

Aug 01 2018

PARIS BNP Paribas , France's largest listed bank, beat second-quarter profit forecasts on Wednesday as its global business offset a sharp fixed income trading fall and domestic weakness.

French insurer CNP shies away from merger talk as first half profits rise

Jul 30 2018

PARIS French insurer CNP, which has been the subject of merger speculation, reiterated its annual earnings growth targets as it posted higher interim net profits.

Credit Agricole misses forecast on weak retail, capital markets

May 15 2018

PARIS French bank Credit Agricole's quarterly profit fell short of expectations on Tuesday as lower revenue from its domestic retail and capital markets trading businesses ate into gains from asset management. | Video

SocGen CEO says confident in targets despite weak start to year

May 04 2018

PARIS SocGen's chief executive said he was confident of meeting the bank's long-term goals and was working to resolve litigation issues and deliver resilient profits, after a weak start to 2018 hit the shares on Friday.

AXA prices U.S. arm's IPO at $24-27/per share, launches bonds

Apr 26 2018

PARIS French insurer AXA on Thursday priced the forthcoming initial public offering (IPO) of its U.S. division at $24-27 per share, in a deal that could value the part of the business being listed on the market at $3.5 billion.

AXA to decide on possible share buybacks soon after U.S. IPO

Feb 22 2018

PARIS AXA Chief Executive Thomas Buberl promised investors on Thursday to decide quickly after the flotation of its American life insurance and asset management businesses what it would do with the proceeds from it.

Credit Agricole says its French retail bank has reached turning point

Feb 14 2018

PARIS Credit Agricole said its French retail bank unit had reached a turning point and that revenues should grow from the levels seen in the fourth quarter last year, as it reported higher overall profits.

French bank SocGen produces unexpected fourth quarter profit

Feb 08 2018

PARIS Societe Generale on Thursday reported an unexpected profit in the fourth quarter, beating forecasts that the French bank would make a loss partly due to tax-related charges and restructuring costs. | Video

World News

As U.S. sanctions near, Europe fails to protect Iran deal

At a meeting in Washington after Donald Trump pulled out of the Iran nuclear deal in May, a senior U.S. official told European diplomats that their efforts to save the deal by protecting EU investment in the Islamic republic were pointless.