Italian bank coveted by Crédit Agricole wants to raise the stakes

Italian bank coveted by Crédit Agricole wants to raise the stakes

Credito Valtellinese on Thursday described Crédit Agricole’s takeover offer as “unexpected and unsolicited”. A shareholder of the Lombard bank asks for a significant increase in the price per share. We experienced a warmer welcome. Credito Valtellinese (Creval), the Lombard bank that Crédit Agricole Italia (CAI) wishes to buy in Italy, described in a press release on Wednesday the offer of the mutualist giant as ” unexpected and unsolicited », Without rejecting the principle. The transalpine…

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Budget: the extent of the decrease in the deficit called into question by a Senate report

Budget: the extent of the decrease in the deficit called into question by a Senate report

The general rapporteur of the Senate Finance Committee, Alberic de Montgolfier (LR), calculated that the deficit would still be above 3% in 2020 if the government had not benefited since the start of the five-year term from low interest rates. interest and improvement of the economic situation. The current government boasts of being the first since 2007 to bring the deficit back below the fateful 3% of GDP mark. But can he really claim the…

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Insider trading: the AMF’s investigative powers are increasingly reduced

Insider trading: the AMF’s investigative powers are increasingly reduced

The Court of Cassation set limits on the investigative power of AMF investigators, quashing two judgments of the Court of Appeal which considered “regular” the seizure operations carried out by the stock market gendarme in the Marie Brizard case . It is an extremely embarrassing stop for the investigators of the Financial Markets Authority (AMF). In mid-October, the Court of Cassation limited their power during home visits (equivalent to searches). The highest court ruled that…

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Covid: the need for at least partial re-containment is increasingly mentioned

Covid: the need for at least partial re-containment is increasingly mentioned

For some doctors, the curfew is not enough: the French would have to be confined to really break the epidemic. But the financial and human cost of a second confinement, even partial, would be considerable. The government does not rule out using it. Will the extension of the curfew to 46 million French people be enough, or will it be necessary to re-define? Saturday evening, two days just after the announcement of this tightening of…

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Arkéa: new tensions with the central body of the Crédit Mutuel group

Arkéa: new tensions with the central body of the Crédit Mutuel group

Arkéa solemnly requests the National Confederation of Crédit Mutuel to withdraw a draft regulatory decision relating to the use of the Crédit Mutuel brand. The group fears that it will no longer be able to use the name “Arkéa” without adding “Crédit Mutuel”. The tensions are resuming within the Crédit Mutuel group. Crédit Mutuel Arkéa (CMA), the Breton mutualist group based in Relecq-Kerhuon, near Brest, on Thursday asked for the withdrawal of a proposed regulatory…

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Societe Generale – Crédit du Nord: the future of the brands remains uncertain

Societe Generale – Crédit du Nord: the future of the brands remains uncertain

By 2025, the banking group wants to reduce the number of branches in the two networks by more than a quarter, to drop to 1,500 sites. The future of the brands remains uncertain, while the territorial anchoring of Crédit du Nord banks remains important. Societe Generale excludes any forced departure. Societe Generale is launching major works in retail banking. And the site will be one of the largest ever seen in the sector in France….

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Crédit Agricole challenges BNP and Société Générale in car leasing

Crédit Agricole challenges BNP and Société Générale in car leasing

Crédit Agricole will create an entity, CA Rent, to cover the long-term car rental segment, which should be operational in the summer of 2021. The consumer credit subsidiary of the mutualist giant also wants to spend ten international banking partnerships. A profession which until then lacked in its range. Crédit Agricole SA (CASA) will soon launch directly into the rental of long-term vehicles, announced its consumer credit subsidiary (CACF), at an investor conference on Tuesday….

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Crédit Agricole SA depreciates its Italian subsidiary by 900 million euros

Crédit Agricole SA depreciates its Italian subsidiary by 900 million euros

The mutualist group “takes note” of durably low rates in Italy, and depreciates in its accounts Crédit Agricole Italia by nearly one billion euros. It maintains its ambitions in this market. Surprise announcement for Crédit Agricole SA (CASA). The group explained Tuesday evening, after market, that it depreciated in its accounts its Italian subsidiary Crédit Agricole Italia. This depreciation, far from being trivial, will be recorded in the consolidated accounts for the fourth quarter. Crédit…

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Real estate credit: under pressure, the authorities are loosening the constraints

Real estate credit: under pressure, the authorities are loosening the constraints

The authorities have lightened the recommendations governing the granting of mortgage loans made a year ago to slow down the explosion of the market. They are putting in place new, less strict constraints which will now be imposed on banks. It is the culmination of a long struggle. A year after making recommendations to avoid a boom in mortgage lending, the High Financial Stability Council (HCSF), which brings together regulators and Bercy, decided on Thursday…

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Crédit Mutuel Alliance Fédérale corrects its objectives before absorbing Crédit Mutuel du Nord

Crédit Mutuel Alliance Fédérale corrects its objectives before absorbing Crédit Mutuel du Nord

Crédit Mutuel Alliance Fédérale, the main component of the Crédit Mutuel group, is revising its financial objectives downwards for 2023, aiming for net income above 3 billion euros, against 4 billion previously. The group is closing ranks in anticipation of the arrival of a new strong member, Crédit Mutuel Nord Europe. Crédit Mutuel Alliance Fédérale (CMAF) is closing ranks. The main component of the group Mutual credit drew the consequences of the health crisis, of…

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