Credit Agricole

A Retail bank leader in France and in Europe, Crédit Agricole is a first-class partner for the economies in which it operates.

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Credit Agricole gets capital boost as profit climbs

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Credit Agricole reported a sharp rise in its core capital ratio to 12.4 percent, as the bank took advantage of higher profits and a sale of a stake in investment company Eurazeo to beef up its financial position.

Standard Charted spooks markets

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Standard Chartered roiled credit markets in Europe on Tuesday, when the bank broke with convention by saying it wouldn’t buy back its junior bonds at the first opportunity.

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Here Is The City News Shorts

Barclays Bank CEO John Varley said at an investor conference in New York earlier this week that his bank's wealth management operations should be able to generate £500m in profits before too long. The unit posted pre-tax profits of £172m in 2005.

BarCap, Calyon, Frank Quattrone, S&P

The Financial Times reports that Edward Cahill, the former head of European collateralised debt obligations over at BarCap, was not pressured to resign by the firm and that he returned to the office after a holiday this week to help ensure that there was 'an orderly transition of responsibilities'. A spokesperson for the firm said that 'there had been no red flags or compliance issues' raised in the run up to Cahill's resignation.

Carr Futures Said To Upset Families

The Wall Street Journal reports that several families of Carr Futures employees who lost their lives in the September 11th terrorist attacks are upset with the firm as they have been asked to give back part of the life insurance monies they received following the death of their loved ones.

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Credit Agricole gets capital boost as profit climbs

Credit Agricole reported a sharp rise in its core capital ratio to 12.4 percent, as the bank took advantage of higher profits and a sale of a stake in investment company Eurazeo to beef up its financial position.