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Credit Agricole caught in fixed-income slump

Bloomberg Credit Agricole SA’s trading revenue slumped in the first three months of the year, squeezing earnings at its investment bank. A “more difficult environment” in capital markets and a stronger euro weighed on its performance, Credit Agricole said in a statement on Tuesday. Revenue also suffered from the bank taking a more “selective” approach to employing its capital, which ...

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Nigeria inflation eases for 15th month, expanding rate-cut room

Bloomberg Nigerian inflation eased for the 15th straight month in April, moving closer to the central bank’s target and expanding room for monetary-policy makers to consider trimming their key interest rate. Consumer-price growth in Africa’s most populous nation slowed to 12.5 percent from a year earlier compared with 13.3 percent in March, the Abuja-based National Bureau of Statistics said in ...

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Robots challenge banks in Sweden’s $524bn savings market

Bloomberg After being challenged in the mortgage market, Sweden’s biggest banks are fending off a new wave of robots — this time in investment advice and wealth management. One of their new rivals is Optise AB, which last year began offering independent savings advice, fund data and tailor-made portfolios to retail investors via a mobile app. The company, which refers ...

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