Recent Posts

Credit Agricole lifts capital as financing demand rises

Bloomberg Credit Agricole SA’s corporate banking and financing operations helped boost earnings at its investment bank for a second straight quarter, driving up the division’s revenue 5 percent. Analysts and investors will probably focus on the quality of the earnings and key metrics including bank’s improved financial strength and efforts on cost after net income and revenue came in near ...

Read More »

JPMorgan pulls back on high-risk consumer loans

Bloomberg JPMorgan Chase & Co. has been pulling back from some higher-risk pockets of the consumer credit market, concerned about how those types of borrowers will hold up in an economic downturn. The bank has been avoiding subprime auto finance and cut back on long-duration car loans, according to Gordon Smith, chief executive officer of JPMorgan’s consumer-banking unit. The company ...

Read More »

Boeing issues advice on plane sensor after 737 Max jet crash

Bloomberg Boeing Co is advising airlines on procedures to deal with false readings from a plane sensor that authorities say malfunctioned on a 737 Max jet that crashed off the Indonesian coast over a week ago. An operations-manual bulletin was issued, Boeing said in a statement posted to Twitter, and tells crew to use existing guidelines when dealing with erroneous ...

Read More »
Send this to a friend