Leigh's Feed
Jul 31, 2015

BNP Paribas eyes market share of retreating rivals

PARIS, July 31 (Reuters) – BNP Paribas aims to
grab market share from rivals pulling back from investment
banking even as its moves ahead with its own cutbacks, the
French bank said on Friday.

With regulatory pressures weighing on risky activities, many
European banks from HSBC to Deutsche Bank
are trying to scale back their investment banks.

Jul 3, 2015

Greek crisis hitting outlook for IPOs – Euronext Paris chief

Aix-en-Provence, France, July 3 (Reuters) – Greece’s debt
crisis risks is clouding the outlook for stock market listings
after a flurry of flotations in the first half of the year, the
head of Paris’ stock market Anthony Attia said in an interview
on Friday.

Though uncertainty over Greece has fuelled volatile trading,
so far it has not hit initial public offers like investment fund
Eurazeo’s flotation last month of rental car company Europcar.

Jun 24, 2015

Yield-starved investors driving asset prices to dangerous levels: OECD

PARIS (Reuters) – Encouraged by years of central bank easing, investors are ploughing too much cash into unproductive and increasingly speculative investments while shunning businesses building economic growth, the OECD warned on Wednesday.

In its first Business and Finance Outlook, the Organisation for Economic Cooperation and Development highlighted a growing divergence between investors rushing into ever riskier assets while companies remain too risk-averse to make investments.

Jun 22, 2015

French government hardens stance on Altice’s bid for Bouygues Telecom

PARIS (Reuters) – European telecoms group Altice’s (ATCE.AS: Quote, Profile, Research, Stock Buzz) bid for Bouygues Telecom risks creating a French operator that is “too big to fail” and that could threaten jobs, France’s economy minister said on Monday, hardening his government’s opposition.

The companies confirmed earlier that an offer has been submitted, sending share prices up sharply across the sector as investors hoped consolidation in the French mobile market would end a three-year-old price war.

Jun 10, 2015

France probes Russian lead in TV5Monde hacking: sources

SAN FRANCISCO/PARIS (Reuters) – Russian hackers linked to the Kremlin could be behind one of the biggest attacks to date on televised communications, which knocked French station TV5Monde off air in April, sources familiar with France’s inquiry said.

A French judicial source told Reuters that the investigators are “leaning towards the lead of Russian hackers,” confirming a report in French magazine L’Express.

Jun 2, 2015

Greece said to offer pension reform as debt talks near crunch

PARIS/ATHENS, June 2 (Reuters) – Greece’s leftist government
has put forward first proposals for pension reform as debt talks
with international creditors reach a crunch point this week with
Athens’ cash running out, the European Union’s economics chief
said on Tuesday.

The report came after the leaders of Germany, France, the
European Commission, the International Monetary Fund and the
European Central Bank agreed at an emergency meeting in Berlin
on Monday night to work with “real intensity” to try to wrap up
the long-running negotiations in the coming days.

May 6, 2015

Investment banking helps French banks offset weak retail earnings

PARIS, May 6 (Reuters) – Societe Generale and
Credit Agricole joined bigger French rival BNP Paribas
on Wednesday in posting stronger first quarter
earnings on firm revenues from investment banking.

Brisk financial market trading and booming corporate bond
issuance helped the trio of French banks offset lacklustre
performances in their domestic retail banking markets.

Apr 21, 2015

Yield-hungry investors help French firms snub banks for loans

PARIS (Reuters) – French firms traditionally hooked on bank loans are increasingly turning to private debt placements, joining rivals in the United States and Germany where similar markets for loans sold by a company to a single or small group of investors have long thrived.

For mid-sized companies less able to tap mainstream bond markets, private placements open up the possibility of borrowing longer-term at relatively low rates, while for lenders such as insurance companies they appeal at a time of rock-bottom bond yields.

Apr 21, 2015

BNP executive tipped as front-runner to head Bank of France

PARIS (Reuters) – Top BNP Paribas (BNPP.PA: Quote, Profile, Research, Stock Buzz) banker Francois Villeroy de Galhau emerged as a possible candidate to replace the retiring governor of the Bank of France on Tuesday as he was named to lead a new state-sponsored investment drive.

The naming of Villeroy de Galhau to a French public service role could help allay any domestic political objections further down the line to the Socialist government picking a commercial banker to replace Christian Noyer when he retires this year.

Apr 3, 2015

Germanwings co-pilot increased speed as jet went down

PARIS (Reuters) – The co-pilot of a Germanwings jet that crashed in the French Alps increased the airplane’s speed before it crashed killing all 150 people on board, according to French investigators.

France’s BEA crash investigation agency said on Friday it was still reconstructing the flight, but the chilling new detail from a second ‘black box’ data recorder appeared to corroborate prosecutors’ suggestions that the co-pilot acted deliberately.