08/05/2014

Credit Agricole Net Falls 98% on Banco Espirito Santo

Credit Agricole SA, France’s third-largest bank by market value, said profit was almost wiped out in the second quarter on charges tied to its stake in Portugal’s bailed-out Banco Espirito Santo SA.

08/04/2014

Portugal Announces $6.6 Billion Espirito Santo Rescue

Portugal’s central bank took control of Banco Espirito Santo SA, once the country’s largest lender by market value, in a 4.9 billion-euro ($6.6 billion) bailout that will leave junior bondholders with losses.

08/03/2014

Caixa named Best Bank for technology and innovation

Caixa Bank, Spain’s leading bank by market share, has been named the World’s Best Retail Bank for Technology Innovation for the second consecutive year by the British financial magazine Euromoney.

07/29/2014

Banca Generali Q2 net up 37 pct

Italian asset manager Banca Generali a 37 percent increase in second-quarter net profit to 49.6 million euros ($66.6 million) boosted by rising assets under management and higher fees.

07/22/2014

Secure Trust Bank H1 pretax profit up 84 pct

The benefits of its previous acquisitions, strong controlled growth in the lending book and the entry into SME markets have contributed to a new record level of underlying profit.