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Credit Agricole beats profit expectations, capital markets unit lags

* Net income up by 43.5% in Q3 * Revenue in capital markets down 18.7% in Q3 * 2022 net income target confirmed PARIS, Nov 10 (Reuters) - Credit Agricole SA's CAGR.PA third-quarter profit beat expectations on Wednesday, due to lower pandemic-related provisions for bad loans, but the French bank still lagged rivals in capital markets. France's secon
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Italy's Banco BPM to take insurance in-house in new plan

* Aiming for net profit of more than 1 bln euros in 2024 * Q3 net profit 110.7 mln euros vs forecast 78 mln * CEO says happy to go it alone, but will monitor M&A By Andrea Mandala and Valentina Za MILAN, Nov 5 (Reuters) - Italy's Banco BPM BAMI.MI said on Friday it planned to acquire full ownership of its insurance partnerships as part of a new mul
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France's SocGen beats Q3 estimates, names new CFO

PARIS, Nov 4 (Reuters) - French bank Societe Generale SOGN.PA posted on Thursday higher third-quarter earnings, beating estimates, supported by strong revenue from corporate and investment banking and lower bad loans and also appointed a new financial chief. Earnings at SocGen mirror those of U.S. and European competitors who slashed provisions for
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Morocco's Holmarcom in talks to take control of local subsidiary of France's Credit Agricole

Sept 30 (Reuters) - Morocco's Holmarcom group said on Thursday it is negotiating the acquisition of all stakes owned by France's Credit Agricole SA CAGR.PA in its Morocco branch Credit du Maroc. The deal is part of efforts to develop the insurance business and Africa operations of the group, which also operates in agri-food, real estate and logisti
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Credit Agricole's profit doubles even as investment banking lags

* Net income rose to 1.97 bln euros in Q2 * Provisions for bad loans down by 66.8% * The lender on track to meet 2022 targets, CFO said * Shares in Credit Agricole down 0.40% By Matthieu Protard PARIS, Aug 5 (Reuters) - Credit Agricole CAGR.PA on Thursday reported a doubling in second-quarter profit, as an improving economy prompted it to set aside
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Take Five: Jobs, crackdowns and a fork

(Updates China entry with PMI readings, link) July 30 (Reuters) - 1/ OUT OF SURPRISES? Is this year's sharp U.S. growth rebound losing momentum? A raft of economic data due in the world's biggest economy will provide clues. U.S. non-farm payrolls on Aug. 6 will offer a snapshot of July hiring. Economists polled by Reuters forecast the economy added
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Monte dei Paschi capital would be wiped out by slump, EU bank stress test shows

* No pass or fail mark in test * Monte dei Paschi fares worst in EBA stress test * Sweden's banks among best peformers * Deutsche Bank, SocGen, Commerzbank below aggregate level By Huw Jones, Valentina Za and Jesús Aguado LONDON July 30 (Reuters) - All of Monte dei Paschi's capital would be wiped out by a long slump, a European Union stress test o
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Take Five: Jobs, crackdowns and a fork

July 30 (Reuters) - 1/ OUT OF SURPRISES? Is this year's sharp U.S. growth rebound losing momentum? A raft of economic data due in the world's biggest economy will provide clues. U.S. non-farm payrolls on Aug. 6 will offer a snapshot of July hiring. Economists polled by Reuters forecast the economy added 926,000 jobs in July after June's forecast-be
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Spain raises 8 bln euros from new 10-year bond - leads

(Updates with pricing, yield) By Yoruk Bahceli June 22 (Reuters) - Spain raised 8 billion euros from a new 10-year bond on Tuesday on the back of over 74 billion euros of investor demand, according to memos from two lead managers seen by Reuters. The bond, due Oct. 31, 2031, priced for a yield of 0.542%, offering a spread of 8 basis points over Spa
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EU lifts ban on eight banks barred from bond sales

(Updates with context, UniCredit) BRUSSELS, June 18 (Reuters) - Eight banks previously excluded from syndicated debt sales backing the European Commission's up to 800-billion-euro ($950.7 billion) COVID-19 recovery fund will be allowed to take part in future issues, the EU executive said on Friday. The EU did not name the banks reinstated but a Com
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8 banks previously banned from bond sale now allowed to take part - EU

BRUSSELS, June 18 (Reuters) - Eight banks that were previously excluded from syndicated debt sales backing the European Commission's up to 800-billion-euro ($950.7 billion) COVID-19 recovery fund will be allowed to take part in future issues, the EU executive said on Friday. "The eight banks have provided information that allow the Commission to co
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EU excludes major banks from bond sales

AMSTERDAM, June 15 (Reuters) - The European Union has excluded some of the biggest investment banks with past involvement in breaches of antitrust rules from syndicated debt sales backing its up to 800 billion euro ($969 billion) COVID-19 recovery fund, the EU executive said on Tuesday. "The Commission will be undertaking a careful assessment of wh
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EU excludes major banks from bond sales

AMSTERDAM, June 15 (Reuters) - The European Union has excluded some of the biggest investment banks with past involvement in breaches of antitrust rules from syndicated debt sales backing its up to 800 billion euro ($969 billion) COVID-19 recovery fund, the EU executive said on Tuesday. "The Commission will be undertaking a careful assessment of wh
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Dubai plane leasing firm DAE adds more banks to bond deal

By Yousef Saba DUBAI, June 14 (Reuters) - Dubai Aerospace Enterprise (DAE), one of the world's biggest aircraft leasing companies, has added more banks to its planned sale of U.S. dollar-denominated bonds that would be its second this year, an investor presentation seen by Reuters showed. DAE, owned by the Dubai government's main investment arm the
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Saudi Aramco raises $6 billion with debut sukuk

(Updates with launch, size, final demand, spreads) By Yousef Saba and Scott Murdoch DUBAI, June 9 (Reuters) - Saudi Arabian oil giant Aramco 2222.SE locked in another $6 billion on Wednesday to help fund a large dividend as it returned to the international debt markets with its first U.S. dollar-denominated sukuk sale, a document showed. The debt i
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Italy to raise 10 billion euros from 10-year bond - lead manager

By Yoruk Bahceli June 8 (Reuters) - Italy was set to raise 10 billion euros from a new 10-year bond on Tuesday on the back of more than 65 billion euros of demand, a lead manager told Reuters. It will price the bond, due Dec. 1 2031, at a spread of 6 basis points over Italy's existing bond due in August 2031 later on Tuesday, according a memo seen
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Saudi Aramco mandates banks for inaugural dollar sukuk

DUBAI, June 7 (Reuters) - Saudi Aramco has hired a large group of banks to arrange its inaugural issuance of U.S. dollar-denominated sukuk, a document showed on Monday, as it seeks cash to fulfil large commitments to its major shareholder, the Saudi government. The banks will arrange fixed income investor calls starting on Monday, the document from
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Tapering the taper talk

May 7 (Reuters) - A look at the day ahead from Thyagaraju Adinarayan. A million or more jobs added in April won't be enough to trigger the Fed to ponder its bond purchases is what Atlanta Fed's President Raphael Bostic said on Thursday, but markets appear to be wanting to front run any potential tapering with the S&P 500 .SPX stopping just shy of r
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TUI Cruises to price 5-year bond at 6.50% - lead manager

May 6 (Reuters) - German cruise line operator TUI Cruises will price a five-year bond at 6.50% later on Thursday, according to a lead manager memo seen by Reuters. The company, owned half-and-half by TUI TUIGn.DE and Royal Caribbean Group RCL.N , has managed to cut the yield on the 300 million-euro bond from around 7% when the sale first started on
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TUI Cruises hires banks for 300 mln euro 5-year bond - lead manager

By Yoruk Bahceli May 4 (Reuters) - TUI Cruises has hired banks to sell a 300 million euro, five-year bond on Tuesday that will fund cash on its balance sheet, according to a lead manager memo seen by Reuters. Initial price thoughts on the bond, which the issuer can call after two years, are in the area of 7%, according to the memo. The borrower, wh
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