Tuesday 2 September 2014
 
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French bank

Credit Agricole to sell key equity unit

French bank Credit Agricole SA has agreed to sell its private equity unit to Coller Capital, a UK-based firm which specialises in buying private equity assets which other firms wish to divest. The sale will reduce the risk-weighted assets

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SocGen to cut 700 jobs in US, Asia

French bank Societe Generale is to cut 700 jobs at its American and Asian operations as it pulls back on U.S. dollar lending to cut debt and strengthen its balance sheet, two trade-union sources said. The latest sign of retrenchment at Fre

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Credit Agricole to close Dubai M&A operations

French bank Credit Agricole is planning to close down its Mena mergers and acquisitions (M&A) business in Dubai and move the operations back to its Paris office, an executive at the bank said on Tuesday. 'The move will affect aroun

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Qatar in talks over possible BNP stake

Qatar is in talks with BNP Paribas on taking a possible stake in France's biggest listed bank, a source close to the deal based in Qatar said. Resource-rich Qatar has also been holding similar talks with other French banks, which have

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BNP Paribas plans $96bn asset sales

Top French bank BNP Paribas plans to sell 70 billion euros ($96 billion) of risk-weighted assets to ease investor fears about French bank leverage and funding as its main rivals were hit by ratings downgrades. BNP escaped Moody's Investor

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SocGen CEO sees market nerves lingering

The head of French bank Societe Generale said in a newspaper interview released on Saturday that markets could remain nervous until third-quarter earnings are published at the end of October. Societe Generale has seen its stock hammered th

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SocGen says no firm plans to enter LNG physical trade

French bank Societe Generale has no firm plans at present to enter physical LNG trading, although the startup of a number of new projects over the next few years will boost trading activity, a company official in charge of energy finance said.

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Saudi Airlines catering unit plans IPO

Saudi Arabian Airlines has signed a deal with an affiliate of French investment bank Calyon to advise on an initial public offering of its catering company, state news agency SPA said. The airline, one of the Middle East's largest carr

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Saudi Airlines in IPO deal with French bank

Saudi Arabian Airlines has signed a deal with an affiliate of French investment bank Calyon to advise on an initial public offering of its catering company, state news agency SPA said. The airline, one of the Middle East's largest carr

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BNP eyes $300m Gulf private equity fund

French bank BNP Paribas may raise up to $300 million for a private equity fund active in the Gulf Arab region to tap opportunities arising from the financial crisis. BNP is looking to raise $150 million in the first phase by mid-October an

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