Credit Agricole SA

A few days ago, however, another purchase was announced, so when the merger of Raiffeisen and Credit Agricole Bank is completed, there will be one bank less.
Considering the announcements, there will be more such transactions in the coming months, Novosti writes.

By David Goodman & Lucy Meakin

Bondholders who held their nerve as Greece sparred with the euro region are now reaping the rewards.

European stocks advanced amid investor speculation that Greece and its euro-area creditors may reach a compromise agreement on its bailout.

The Stoxx Europe 600 Index added 0.3 percent to 378.14 at 8:05 a.m. in London. Stocks were little changed on Tuesday as a rise in makers of food and drinks offset a drop in Greek equities.

By Nicholas Comfort

Europe?s biggest banks have limited risk tied to Greece after selling local units and cutting holdings of the country?s bonds, according to JPMorgan Chase & Co.

Neal Armstrong & Lucy Meakin

European government bonds dropped as reports showing annual inflation quickened in eight German states curbed speculation the central bank will announce a debt- purchase plan to revive the economy as soon as next month.

Credit Agricole Leasing Greece, Credit Agricole SA’s remaining business in the country, is seeking buyers for around 400 million euros ($554 million) of loans mostly backed by real estate, according to two people with knowledge of the matter.

Lukanyo Mnyanda & Eshe Nelson

The euro area’s higher-yielding government bonds are emerging as a haven from emerging-market turmoil as the prospect of greater stimulus from the European Central Bank underpins demand for the securities.