Credit Agricole
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Credit Agricole CEO Says AI Anxiety Must Come to an End
Credit Agricole CEO Says AI Anxiety Must Come to an End Credit Agricole SA Chief Executive Officer Olivier Gavalda is trying to temper worries related to artificial intelligence in the banking sector, as many executives have said implementing such technology will lead to workforce reductions. “We must put an end to this anxiety-inducing opposition between humans and AI, as we heard these past few weeks,” Gavalda said during a press conference on Wednesday. “It is the combination of the two...
Bidding war erupts for world’s oldest bank as Italy’s Intesa gatecrashes BPM offer
A bidding war over Italy's Monte dei Paschi di Siena has erupted between rivals Intesa Sanpaolo and Banco BPM, with the two lenders vie for control of the world's oldest bank. Intesa on Monday announced an unsolicited offer of 30.6 billion euros ($35.3 billion), hoping to usurp its rival and create Europe's second-biggest bank by market capitalization. In a statement, its offer outlined a premium of 12.5% versus MPS's closing share price on Friday.