Bloomberg Credit Agricole SA’s profits jumped in the first quarter, as the bank joined European peers in posting a strong trading performance and lower-than-anticipated charges to cover potential loan losses. Net income rises 64% from a year ago to 1.05 billion euros ($1.27 billion), after Credit Agricole provided 384 million euros against the possibility of souring loans, below the 564.5 ...

Bloomberg India approved a plan to privatise IDBI Bank Ltd. as the government of Prime Minister Narendra Modi sells assets to narrow its budget gap. The government plans to sell all or part of its 45.5% stake in the lender, as well a state-owned Life Insurance Corp of India’s 49.2% ownership, according to a government statement. The sale envisages ceding ...

Bloomberg Citigroup Inc’s global chief economist, Catherine Mann, is leaving the bank after three years in the job. Mann, a prominent economist who joined the New York-based company in February 2018 from the Organisation for Economic Co-operation and Development, said by email that she has resigned from Citigroup, without elaborating. Gabriel Morales, a spokesman for Citigroup, confirmed her resignation. Mann ...