Edition:
India

Matthieu Protard

Credit Agricole reports first-quarter net profit fall, shares slip

15 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.

UPDATE 3-Credit Agricole reports Q1 net profit fall, shares slip

15 May 2019

* Share price down 3% in early trade (Adds comments from analyst, share price)

Societe Generale's stronger showing on capital offsets profit fall

03 May 2019

PARIS Societe Generale on Friday reported a 26 percent drop in first-quarter net profit, but the French bank also revealed an increase in its capital position, showing the benefits of a restructuring plan, sending its shares higher.

UPDATE 2-SocGen's stronger showing on capital offsets profit fall

03 May 2019

* SocGen in middle of restructuring plan (Adds comments from SocGen's CEO, analyst and details)

UPDATE 2-BNP Paribas profits boosted by investment bank rebound

02 May 2019

* Fixed income, currencies, commodities revenues up 32 pct (Adds more detail and background)

SCOR's CEO to fight for his job against an activist fund

25 Apr 2019

PARIS Denis Kessler, the long-time chairman and chief executive of reinsurer SCOR, will on Friday become the first boss in France to fight for his job against an activist fund in a touch-and-go vote at its annual shareholder meeting.

French insurer Covea seeks new reinsurance acquisitions

23 Apr 2019

PARIS French co-operative insurer Covea, which in January dropped plans to buy reinsurer SCOR, on Tuesday said it was still interested in diversifying into reinsurance via acquisitions.

French bank SocGen to cut 1,600 jobs in drive to lift profits

09 Apr 2019

PARIS Societe Generale plans to cut 1,600 jobs, mainly at its corporate and investment banking arm, in an attempt to boost profits after a poor performance last year, France's third-largest bank said on Tuesday.

French bank SocGen plans to cut 1,600 jobs in bid to buoy profits

09 Apr 2019

PARIS Societe Generale, France's third-largest bank, unveiled on Tuesday a plan to cut 1,600 jobs, mainly at its corporate and investment banking arm, in a bid to buoy profitability after last year's poor performance.

SocGen not decided yet on any layoffs as it seeks savings - source

22 Feb 2019

PARIS Societe Generale has not yet taken a decision about any layoffs at its corporate and investment bank as it looks for 500 million euros (435.5 million pounds) in cost savings, a source at the bank said on Friday.

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