Latest Breaking News On - Philippe brassac - Page 14 : comparemela.com

By Reuters Staff 2 Min Read A logo is pictured on a Credit Agricole bank branch in Paris, France, May 16, 2018. REUTERS/Charles Platiau LONDON (Reuters Breakingviews) - Concise insights on global finance in the Covid-19 era. - MONEY TALKS. Financial engineers at Credit Agricole have been busy. On Thursday, shares in the 30 billion euro French lender rose 4% after it proposed a dividend of 80 cents per share for last year, offering income-starved investors a meaty 8% cash yield. That’s well above most regional rivals drudging under European Central Bank dividend restrictions. Chief Executive Philippe Brassac’s generosity owes much to the bank’s unusual ownership. Its parent, a cooperative lender, and employees together own around 60% of the stock. They will receive new shares in lieu of cash. That leaves a payout of 914 million euros if all minorities opt for hard currency – just in line with the ECB’s rules, which cap dividends at 20 basis poi

New yorkUnited statesHong kongCity ofUnited kingdomChristopher thompsonPhilippe brassacCredit agricoleEuropean central bankReuters breakingviewsExecutive philippe brassacBanks trbc level 4Reuters breakingviews fullCompany newsReuters top newsExclude story from dnp