Edition:
United Kingdom

Maya Nikolaeva

SocGen lines up new generation of leaders after $1.5 billion loss

04 Aug 2020

PARIS French bank Societe Generale overhauled its top ranks on Tuesday, announcing the departure of two deputy chief executives after its worst quarterly performance since the global financial crisis.

New Natixis chief says only aim is to boost value for all shareholders

04 Aug 2020

PARIS The new chief of Natixis said his sole objective was to boost value for shareholders of the French bank and promised to announce the results of a strategic review in November.

Natixis replaces CEO after second quarterly loss in a row

03 Aug 2020

PARIS French investment bank Natixis announced on Monday it was replacing its CEO with the finance chief of its parent company in order to prepare a new strategy after it reported its second straight quarterly loss.

BNP Paribas beats profit forecasts on thriving investment bank

31 Jul 2020

PARIS The euro zone's biggest bank, BNP Paribas , beat second quarter profit expectations on Friday, boosted by a surge in fixed income trading and strong demand for corporate finance.

BNP Paribas plays long-game to be Europe's banking winner from COVID crisis

20 Jul 2020

PARIS When the COVID-19 crisis struck Europe, companies turned to one bank more than any other to arrange emergency loans: BNP Paribas .

EU banks to take on Visa, Mastercard with new payments system

02 Jul 2020

LONDON/PARIS Sixteen banks from Germany, France and three other euro zone countries on Thursday said a "truly European" payments system was expected to be up and running in 2022 to fully digitalise a region where half of all retail payments are still in cash.

Air France plans to cut 6,500 jobs by 2022: sources

30 Jun 2020

PARIS Air France aims to present a plan to trade unions to cut just over 6,500 jobs over the next two years, three sources familiar with the matter said on Tuesday, as the airline grapples with the coronavirus crisis.

Europe's emergency loan schemes stir fears of a debt trap

24 Jun 2020

MILAN/PARIS/MADRID Michele Berteramo, owner of the Movida restaurant and cocktail bar on Milan's Naviglio Pavese canal, had been about to spend 40,000 euros (£36,160) on renovations when the new coronavirus pandemic struck northern Italy. 

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