Bloomberg Credit Agricole SA reported a 71 percent drop in first-quarter profit, hurt by a decline in consumer lending margins and trading revenue as the bank began a reorganisation to streamline its capital structure. Net income declined to €227 million ($259 million) from €784 million a year earlier, Credit Agricole, based near Paris, said in a statement on Thursday. ...

  Reuters Bahrain-based Al Baraka Banking Group will establish a banking unit in Morocco once it receives approval from local authorities, the Islamic lender said in a statement, adding it aimed to launch the new business soon. The bank, which has operations across the Middle East, Asia and Africa, said entry to the Morocco market would significantly help diversify assets ...

  BLOOMBERG Nations that have adopted a negative interest rate policy to spur economic growth face the possibility of weakening their banks, according to Arunma Oteh, vice president and treasurer of the World Bank. “We still have a global economy that is very fragile,” Oteh said in an interview in Tokyo. “What you find where you have had the expansionary ...