Edition:
United Kingdom

Maya Nikolaeva

Credit Agricole shares fall as French retail banking disappoints

08 Nov 2019

PARIS Shares in France's Credit Agricole fell sharply on Friday as investors focused on softer income from its French retail bank rather than its brisk investment banking business.

SocGen balance sheet progress lifts shares, outweighs trading weakness

06 Nov 2019

PARIS France's Societe Generale raised its capital ratio on Wednesday, giving its shares a lift despite a profit fall and some parts of its trading business lagging rival banks.

SocGen puts Nordics leasing business on the block: sources

23 Oct 2019

PARIS/LONDON France's Societe Generale has put its leasing unit in the Nordics up for sale as part of a plan to exit non-strategic businesses and keep capital ratios strong, two sources familiar with the matter told Reuters.

French banks to step up bad loan sales as regulation bites: Deloitte

21 Oct 2019

PARIS, New regulations are forcing French banks to step up sales of bad loans even though their balance sheets are healthier than rivals in southern Europe, a study by Deloitte showed on Monday.

Brexit healthcare fears fuel expatriate insurance interest in Europe

17 Oct 2019

LONDON/MADRID/PARIS Some Britons living in the Europe Union are worried about losing access to free healthcare after Brexit, opening up a potentially lucrative new market for European health insurers.

HSBC seeks to reassure staff after report of retail business sale - union

12 Sep 2019

PARIS/LONDON Management of HSBC in France on Thursday denied a media report that it plans to sell underperforming retail banking operations in the country, a union source told Reuters, as it tried to reassure 8,000 local staff.

AccorHotels weighs taking stake in Air France KLM

04 Jun 2018

PARIS AccorHotels is looking at taking a minority stake in troubled airline Air France KLM to compete better with the broader travel packages offered by online rivals such as Expedia and Booking.com.

Credit Agricole misses forecast on weak retail, capital markets

15 May 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

AXA's U.S. float falls short but says XL financing on track

10 May 2018

NEW YORK/PARIS AXA's listing of its U.S. division raised less than targeted, but the French group said the proceeds were enough to ensure it can pursue a $15.3 billion (11.3 billion pounds) acquisition of XL Group.

SocGen CEO says confident in targets despite weak start to year

04 May 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.

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