Kareem Serageldin, a former senior trader at Credit Suisse, faces the first court hearing this week in what is likely to be many months of legal cases to decide whether he is to be extradited to the US to face multi-million dollar fraud charges.
A Retail bank leader in France and in Europe, Crédit Agricole is a first-class partner for the economies in which it operates.
Gigi Stone reports on headlines making news around the globe.
And so on it goes.
Banks are offering recruits up to £900 a day ($1,422) to work on interest rate swap mis-selling claims.
There's not a lot left of the plan George Osborne had for the economy when he arrived at the Treasury in May 2010. Growth is lower, borrowing higher, the hopes of pre-election tax cuts dashed.
Citic Securities Co., China’s largest brokerage by market value, said it agreed to buy Credit Agricole SA’s CLSA unit for $1.25 billion.
Credit Agricole said on Thursday it had not been accused of any wrongdoing related to the attempted manipulation of benchmark lending rates by Barclays, adding it had responded to requests for information from 'various authorities'.
Traders at Deutsche Bank, HSBC, Societe Generale and Credit Agricole are under investigation for interest-rate manipulation in a global probe that led to more than $450m in fines for Barclays Plc last month, a person with knowledge of the matter said.
Here we go again.
Some you win....
Banks and securities houses have had to raise hundreds of billions in additional capital to beef up their balance sheets in the wake of the asset writedowns and credit losses they have sustained over the last year.
This is getting very serious now.
Some you win....
Bloomberg’s Manus Cranny reports on JP Morgan Chase and two other banks rejecting a European Union deal to end an antitrust probe into the rigging of Euribor lending rates.
Global syndicated lending activity continued to decline, with the first quarter volume standing at $460.6bn. Of this toal, $403bn, or 87%, saw wider syndication, while the remaining $57.6bn were structured as club deals.
Here are links to some interesting Bloomberg, CNBC and Sunday Telegraph stories currently doing the rounds:
Credit Agricole surprised the market earlier this week by posting a 23% rise in second quarter profit to $1.2bn. Net income in the corporate and investment banking division rose 49% to $453m, after strong performances from equity derivatives, securitized products and structured finance.
Bank of America.
Wolfgang Matejka, founder of Matejka & Partner Asset Management, discusses Credit Agricole SA's second-quarter profit reported today and investment strategy.