Societe Generale Shares Climb on Above-Forecast First Quarter

Societe Generale's results were better than expected at the revenue and underlying profit levels and showed early recovery signs in French retail banking, analysts said. 


 
HSBC's Green Credentials Come Under Fresh Scrutiny

Activist shareholders are pressing the Asia-focused bank to clarify plans to spend up to $1 trillion on sustainable finance in the coming years. 


 
Credit Agricole to Meet Targets Early

Credit Agricole posted a rise in first-quarter earnings that beat expectations on revenue growth across all its businesses and said it would reach its medium-term targets by the end of this year. 


 
Danske Bank Outlook on Track as Demand Sustained

Danske Bank backed its full-year guidance after reporting in-line first-quarter earnings on good demand for its products, efficiency gains and strong credit quality. 


 
Coinbase Blows Past First-Quarter Earnings Estimates. Bitcoin's Boom Bolstered Profits.

Recent euphoria around Bitcoin's acceptance by major institutions probably provided a boost to the company this year, but major threats to its business remain. 


 
Macquarie's Full-Year Profit Falls, Cuts Dividend

Australia's biggest investment bank and asset manager reported a 32% fall in annual profit and cut its dividend by 14%. 


 
Private-Equity Woes Spell Opportunity for Credit-Focused Ares

Leaders of Ares Management say the capital needs of buyout-fund sponsors drive demand for financing. 


 
Hong Kong Regulators Start Insider Dealing Case Against Segantii Capital

Hong Kong's securities regulator has started criminal proceedings against hedge fund management firm Segantii Capital Management, the firm's founder and a former trader over insider dealing. 


 
Apollo Raised $40 Billion in First Quarter, Eyes New Debt Vehicle for Individuals

The alternative-asset manager's earnings rose as investors flocked to private-debt funds. 


 
TD Bank Probe Tied to Laundering of Illicit Fentanyl Profits

The Canadian bank faces three other U.S. probes into its anti-money-laundering controls.


(END) Dow Jones Newswires

05-03-24 0715ET