Asset gathering division struggles against outflows but net profit still jumps at bank

Credit Agricole on 10 May posted a rise in first-quarter earnings that beat expectations.

The French lender said net profit for the first three months of the year rose to €1.23bn ($1.35bn) from €571m in the prior-year period, on revenue that grew 9.6% to €6.12bn.

Credit Agricole beats expectations but Amundi bleeds €11bn

Pierre Bertrand

Amundi

FactSet

Americas

California

Silicon Valley

United States

Banking

Business

Earnings

Finance

Investing

In 2024 markets stopped worrying and learnt to love uncertainty

FCA’s mishandling of whistleblower case needs an independent review

Should pension funds invest more in private assets? Not according to government’s own gloomy report

Abrdn names tech chief for investments unit in latest appointment under Jason Windsor

https://images.fnlondon.com/im-52085931?size=1.5

Alain Courbebaisse will take on role in the new year

Simpson Thacher hires Sidley Austin finance duo in London

https://images.fnlondon.com/im-92579329?size=1.52

Leveraged finance lawyers are in high demand in London

Trading Places: EY names UK financial services head, BofA promotes 387 MDs

https://images.fnlondon.com/im-329118?size=1.5

Find out who is on the move in the City and beyond this week

The Fed’s signal that it will cut rates less than expected complicates efforts by other central banks to manage their economies.

Bank of England Keeps Rates Steady After Fed Move

Palliser Capital doubled down on its call for a review of Rio Tinto’s dual listing in London and Sydney, adding that it now has the backing of more than 100 shareholders.

Activist Investor Widens Call for Review of Rio Tinto’s Dual-Listing

Activist Investor Palliser Capital Widens Call for Review of Rio Tinto’s Dual-Listing Status

In a 12-hour social-media barrage, the world’s richest man led a rebellion against a bill aimed at keeping the government funded.

Musk Draws First Blood With Spending Bill Bombshell 

Aides kept meetings short and controlled access, top advisers acted as go-betweens and public interactions became more scripted. The administration denied Biden has declined.

By Annie Linskey, Rebecca Ballhaus, Emily Glazer and Siobhan Hughes

How the White House Functioned With a Diminished Biden in Charge

Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

European Indexes Fall on Slower U.S. Rate Cut Projections

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

https://www.wsj.com?type=allesseh_content_full_list

https://ace.fnlondon.com/client

MY ACCOUNT

ABOUT

SECTIONS

unbolded

Financial News