French bank profits hit by economic slowdown (AFP via Yahoo! News)
Weak second-half earnings reported by major French banks on Thursday showed them now suffering from an economic slowdown in addition to further losses from the US subprime mortgage crisis.

French bank Natixis reports 2Q loss (AP via Yahoo! Finance)
French bank Natixis reported a second-quarter loss of $1.51 billion on Thursday after massive write-downs linked to the global financial crisis.

Pressure Boils At Natixis (Forbes)
The French bank's securities division missed expectations, while its revenues slipped across the board.

Marseille muddle to a 2-1 victory over Brann (AFP via Yahoo! News)
French first division front-runners Marseille muddled into the Champions League proper here on Wednesday after an unconvincing 2-1 home win against Brann to go through 3-1 on aggregate.

Calyon suffers second quarter loss on monolines (eFinancial News)
Calyon, the investment banking division of French bank Crédit Agricole, reported an ?855m ($1.3bn) loss in the second quarter, reflecting a deterioration in its monoline bond exposures, where it has now made total writedowns of ?2.9bn since the onset of the sub-prime crisis.

Cold Comfort From Natixis (Forbes)
French bank suffers for mononline exposure and fears about its planned rights issue.

Monolines Mangle Credit Agricole (Forbes)
Exposure to struggling bond insurers leaves the French bank with very little profit.

Lyon look to derby win (FIFA)
Despite the absence of two key players, French champions Lyon go into this weekend's derby against Saint Etienne with considerable confidence.

Agricole, Natixis earnings plunge on market turmoil (Reuters via Yahoo! News)
French banks showed the scars of the financial crisis on Thursday, with heavy asset writedowns stripping Credit Agricole of all but a sliver of profit and plunging Natixis to a billion euro loss.

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WELCOME GUEST! French first division front-runners Marseille muddled into the Champions League proper this morning after an unconvincing 2-1 home win against Brann to go through 3-1 on aggregate.