French bank lays out plans for new business lines and net income boost

Credit Agricole said 22 June that it aims to take on one million additional customers, boost its net income and add two new business lines and as part of a new strategic plan to 2025.

The French lender said it will target one million additional retail-banking customers alongside yearly net income of €6bn ($6.32bn), based on strong organic-growth potential and increased offering in protection insurance, savings solutions and real estate.

Fresh Credit Agricole strategy sets goal of one million new customers

Ed Frankl

Credit Agricole

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Alain Courbebaisse will take on role in the new year

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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.

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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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