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French Regulators Approve Banking Giants Crédit Agricole, Santander For Crypto Custody
Thursday, June 22, 2023 - 10:59am | 499In a significant development, CACEIS, a fundamental asset servicing division of banking behemoths Crédit Agricole and Santander, has received the green light from French regulators to offer cryptocurrency custody services. As per France's Financial Markets Authority (AMF), CACEIS Bank...
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Fintech Focus For June 29, 2021
Monday, June 28, 2021 - 5:51pm | 1864Quote To Start The Day: “Don't be afraid to give up the good to go for the great.” Source: John D. Rockefeller One Big Thing In Fintech: Randal Quarles, the Federal Reserve’s vice chair for supervision, is out with a new speech on digital money and the main gist is that he...
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Apple Is Building A Virtual Reality Supply Chain With Disruptive Potential, New Research Shows
Thursday, November 19, 2015 - 10:51am | 307Apple Inc. (NASDAQ: AAPL) has seen a 6.46 percent increase in its share price year-to-date, although the shares are currently trading materially below their 52-week high. Credit Agricole’s Skye Chen mentioned that the company’s Force Touch technology might have been...
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Credit Agricole Initiates PNC Financial With Neutral
Thursday, January 8, 2015 - 10:06am | 68Analysts at Credit Agricole initiated coverage on shares of The PNC Financial Services Group, Inc. (NYSE: PNC) with a Neutral rating. The target price for PNC Financial is set to $95. PNC Financial shares have surged 9.55% over the past 52 weeks, while the S&P 500 index has gained 10.22% in...
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Credit Agricole Downgrades Constellium To Neutral
Monday, August 18, 2014 - 9:25am | 49Analysts at Credit Agricole downgraded Constellium NV (NYSE: CSTM) from Outperform to Neutral. Constellium NV shares have surged 70.46% over the past 52 weeks, while the S&P 500 index has gained 18.77% in the same period. Constellium NV's shares dropped 1.22% to $29.87 in pre-market trading.
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#PreMarket Primer: Wednesday, June 25: US To Begin Exporting Oil After Almost 40 Years
Wednesday, June 25, 2014 - 7:24am | 1176The US Commerce Department took the first step to do away with a near forty year old ban on selling unrefined US oil abroad when it approved requests from both Pioneer Natural Resources Co. and Enterprise Products Partners LP to begin selling condensate oil to foreigners. Permission has only...
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Eurozone Unemployment Rate Down Slightly In March
Friday, May 2, 2014 - 2:30pm | 414The eurozone's economy is showing some vitality, after several stunning years of financial setback. Eurostat, the European Union's statistics office, reports the euro area's seasonally-adjusted unemployment rate was 11.8 percent in March. That figure has remained stable for the last four months...
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Benzinga Market Primer: Tuesday, May 7
Tuesday, May 7, 2013 - 6:29am | 1146Futures Flat Following RBA Rate Cut, European Bank Earnings U.S. equity futures traded near flat following a surprise rate cut from the Reserve Bank of Australia while earnings from three of Europe's largest banks reported better than expected earnings. However, futures awaited key earnings from...
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5 Reasons Apple May Have Bounced in Late Trading
Monday, March 11, 2013 - 4:16pm | 475At 2:00pm Monday, Apple (NASDAQ: AAPL) was trading down about one percent after being downgraded from “Buy” to “Outperform” at Credit Agricole. The Associated Press reported that Brian White at Topeka Capital Markets said Taiwanese and Chinese suppliers saw a 31 percent decrease in Apple orders...
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Benzinga Market Primer: Wednesday, February 20
Wednesday, February 20, 2013 - 7:24am | 847Futures Flat on Global Stimulus U.S. equity futures were flat overnight despite comments from global central banks indicating more stimulus may be imminent. Minutes from the Bank of England's Monetary Policy Committee meeting as well as comments from the Reserve Bank of New Zealand Governor...
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Italian, German Financials Rally on Deposits Data, Spain Mixed
Monday, January 28, 2013 - 9:56am | 476Deposits in peripheral European nations' ailing banks recovered nicely in December as lessening concerns over the health of the Eurozone increased confidence in the financial sector. Since the onset of the crisis, capital has flowed out of peripheral banks and into those of core nations, mainly...
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Benzinga Market Primer, Friday, October 26
Friday, October 26, 2012 - 6:15am | 918U.S. equity futures fell in early Friday trading as large companies including Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) reported earnings Thursday that missed analyst estimates. Apple reported sales that beat expectations but earnings missed and Amazon reported its first quarterly loss in...
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Libor Scandal Catches Up with Deutsche Bank and HSBC
Thursday, July 19, 2012 - 7:55am | 393The investigation into the London Interbank Offered Rate (LIBOR) rate fixing that resulted in a record fine and major shake-up for Barclays last month is now focusing on traders at Deutsche Bank (NYSE: DB), HSBC, Societe Generale and Credit Agricole. On July 3, Benzinga reported that Barclays' CEO...
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How to Trade End of France and Belgium Short Selling Bans
Monday, February 13, 2012 - 4:42pm | 781France and Belgium have both lifted restrictions on the short selling of financial stocks that were put in place last year after several major European financial institutions saw their stock prices fall dramatically. Stock prices for French banking giants BNP Paribas, Credit Agricole and Societe...
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How to Profit as Greece Shuts Down Again
Thursday, September 22, 2011 - 8:06am | 1049The Capitol of Greece was brought to a standstill on Thursday as thousands of public transport workers went on strike in protest of the latest round of austerity measures that are aimed at convincing Greece's international creditors that the country is serious about reducing its fiscal deficits....