Debt Quality Boosts Credit Agricole in 3Q
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Credit Agricole SA's third-quarter profit surged 71 percent, helped by lower bad loan provisions, the French bank said Wednesday.
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The company got solid performance from all three sectors to make for a quality quarter.
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U.S. Treasury debt prices rallied on Thursday, more than undoing losses posted earlier this week as a survey of Chicago-area manufacturing pointed to a slowdown in hiring.
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The Federal Reserve yesterday boosted its key interest rate for the third time in as many months, signaling the economy has rebounded from its recent struggles and inflation remains in check.
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U.S. Treasury debt rallied on Friday  as another month of mediocre job creation eased fears the  Federal Reserve might kick up the pace of interest rate  increases.
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WASHINGTON -- Consumers' borrowing grew in January, reflecting an increase in auto loans. The Federal Reserve reported yesterday that consumer credit rose at a 3.2 percent annual rate, up from December's 2.5 percent increase.
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MBNA Corp., a large credit card issuer, on Thursday said fourth-quarter profit rose, helped by improved credit quality.
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Credit Suisse Group (CSGN.VX: Quote, Profile, Research) posted forecast-beating third-quarter earnings on Thursday, as solid insurance income and one-off tax gains
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The Federal Reserve boosted a key short-term interest rate by one-quarter percentage point today, marking the third increase this year.
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French bank Credit Agricole posted a better-than-expected 70.9 percent surge in third-quarter net profit thanks to lower provisions and despite an overall decline in revenues.
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French bank Societe Generaleâs third-quarter profit rose a forecast-beating 10 per cent on consumer banking growth, gains in investment banking, and a sharp fall in bad debt provisions, it said on Tuesday.
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Alliance Capital Management Holdings LP (AC.N: Quote, Profile, Research) , one of the biggest US money managers, on Thursday said its profit rose in the third quarter
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Spain's second largest bank, BBVA, reported a 19.5 percent gain in third quarter net earnings Wednesday to 1.339 billion euros (1.9 billion dollars) compared with the same period last year despite a rise in credit risk.
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3M Co. (MMM.N: Quote, Profile, Research) on Monday said third-quarter earnings rose 17 percent due in part to the weak dollar, but the diversified manufacturer&#39;s results
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Lehman Brothers reported strong third-quarter results amid weak markets, lackluster deal flow and higher global interest rates.
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PARIS  - Credit Agricole SA's third-quarter profit surged 71 per cent, helped by lower bad loan provisions, the French bank said Wednesday.
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T. Rowe Price announced solid third-quarter results.