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N100:ACA, Jul 18, 08:55 UTC

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Monday, July 16


News

Cerberus, Ifis Bid for $5 Billion Credit Agricole Loans

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Bloomberg. Cerberus, Ifis Bid for $5 Billion Credit Agricole LoansBy , , and. July 16, 2018, 9:25 AM EDT. Credit Agricole selling total of 6 billion euros of bad debt. French lender’s investment bank took on loans a decade ago.

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Wednesday, July 11


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CREDIT AGRICOLE SA : Reorganisation of Crédit Agricole CIB's General Management

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CREDIT AGRICOLE SA : Reorganisation of Crédit Agricole CIB's General Management. Jacques Ripoll spent a large part of his career at Société Générale, before heading up Santander`s CIB during the last few years. At that date, he entered the Executive Committee, supervising four of the group`s businesses: Asset Management, Private Banking, Investors Services and Newedge.In 2013, Jacques Ripoll joined Banco Santander as Head of Global Corporate Banking for the United Kingdom. In December 2011, Regis Monfront was appointed Deputy Chief Executive Officer with the direct coordination of Coverage, the International Network and the "Direction des Régions de France" division, as well as Global Investment Banking.Born in 1957, Régis Monfront is a graduate of HEC business school and has a law degree from the University of Sceaux.

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Wednesday, July 04


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Credit Agricole says no plans to sell Polish banking unit

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REFILE-UPDATE 1-Credit Agricole says no plans to sell Polish banking unit. (Reuters) - Credit Agricole SA said on Wednesday it does not intend to sell its banking unit in Poland after two sources in Warsaw said the French bank believed it lacked the necessary size to compete with larger local players. Given its relative lack of clout in the fragmented Polish banking industry, observers expect Credit Agricole to either exit or buy assets to strengthen its position. Credit Agricole's assets in Poland amount to 33 billion zlotys ($8.75 billion), including assets of the group's leasing firm, making it is nine times smaller than Poland's biggest lender PKO BP.

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Credit Agricole weighs sale of Polish business - sources

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WARSAW (Reuters) - French bank Credit Agricole (CAGR.PA) is considering a sale of its Polish business, the country's 13th biggest bank by assets, as it lacks the scale needed to compete with larger players in a low interest rate environment, two sources said. Credit Agricole's assets amount to 33 billion zlotys (6.62 billion pounds), including assets of group's leasing firm, which means it is nine times smaller than Poland's biggest lender PKO BP (PKO.WA). Last month Reuters reported that Credit Agricole was among investors interested in buying its smaller rival Societe Generale's (SOGN.PA) Polish unit Eurobank, which also struggles to compete with big players. The sale of Credit Agricole would underpin a broader trend of consolidation in Polish banking, which has accelerated in recent years with the ruling eurosceptic Law and Justice (PiS) party encouraging domestic ownership.

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Thursday, June 28


News

Bain Capital Credit to buy 450 million euro soured loans from Credit Agricole Italia - source

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Bain Capital Credit to buy 450 million euro soured loans from Credit Agricole Italia: source. (Reuters) - Bain Capital Credit, part of global investment firm Bain Capital, has won a race to buy a soured debt portfolio from the Italian arm of French bank Credit Agricole (CAGR.PA), a person familiar with the matter said. The source said the portfolio, with a gross book value of 450 million euros ($521 million), comprises so-called 'unlikely-to-pay' (UTP) loans backed by real estate assets. The source said Bain Capital Credit was advised on the purchase by EY, which also worked with the credit specialist on a 100 million euro portfolio of impaired loans backed by industrial and commercial properties which earlier this month it agreed to buy from Italian leasing group Alba Leasing.

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Saturday, June 23


News

Credit Agricole S A Has $678,000 Position in PBF Energy Inc (PBF) – Equities Focus

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Credit Agricole S A decreased its position in PBF Energy Inc (NYSE:PBF) by 37.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Energy and related companies with MarketBeat.com's FREE daily email newsletter. PBF Energy Inc has a one year low of $19.46 and a one year high of $50.99. The oil and gas company reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.10).

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Credit Agricole S A Raises Stake in Barrick Gold Corp (NYSE:ABX) – Equities Focus

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Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter. Barrick Gold Corp has a 52 week low of $11.07 and a 52 week high of $18.35. The basic materials company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Morgan Stanley lowered shares of Barrick Gold from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $14.00 to $12.00 in a report on Tuesday, June 12th.

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Credit Agricole S A Reduces Stake in Cooper Companies Inc (COO)

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Credit Agricole S A trimmed its position in shares of Cooper Companies Inc (NYSE:COO) by 49.8% during the 1st quarter, according to the company in its most recent filing with the SEC. Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper Companies and related companies with MarketBeat.com's FREE daily email newsletter. BMO Capital Markets reissued an “outperform” rating and set a $280.00 target price (up previously from $277.00) on shares of Cooper Companies in a research note on Friday, March 9th. In other Cooper Companies news, Director Michael Kalkstein sold 1,715 shares of the business’s stock in a transaction on Wednesday, April 11th.

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Friday, June 22


News

Credit Agricole S A Sells 4,000 Shares of Packaging Corp Of America (PKG) – Enterprise Leader

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Credit Agricole S A lowered its holdings in shares of Packaging Corp Of America (NYSE:PKG) by 18.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Packaging Corp Of America and related companies with MarketBeat.com's FREE daily email newsletter. In related news, Director Paul T. Stecko sold 566 shares of the business’s stock in a transaction dated Tuesday, June 5th. Citigroup dropped their price objective on Packaging Corp Of America from $136.00 to $123.00 and set a “neutral” rating on the stock in a research note on Thursday, April 5th.

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Monolithic Power Systems, Inc. (MPWR) Shares Sold by Credit Agricole S A

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Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter. Principal Financial Group Inc. now owns 168,265 shares of the semiconductor company’s stock worth $19,480,000 after buying an additional 6,251 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of Monolithic Power Systems in the 1st quarter valued at approximately $682,000. Shares of Monolithic Power Systems opened at $141.13 on Friday, MarketBeat Ratings reports. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 76.29, a PEG ratio of 3.14 and a beta of 1.32.

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