Credit Agricole Posts Record Loss, Bill Gates Aids Farmers: Hot Trends
NEW YORK (TheStreet) -- Popular searches on the Internet Thursday include Credit Agricole as the French bank reported a wider-than-expected €3.07 billion ($4.06 billion) loss in the fourth quarter as the European debt crisis weighed down its bottom line.
This marks the bank's largest quarterly loss in its history. The results include more than €2 billion in quarterly one-off charges the bank disclosed in December. Credit Agricole has been largely impacted by the debt crisis due to its ownership of Greek bank Emporiki.
Bill Gates is trending as the Microsoft(MSFT) founder called for United Nations food agencies to find new ways to help farmers in poor countries.
Gates, in a speech, asked the agencies to find a common and measurable global target for sustainable productivity growth, as the current approach for fighting poverty and hunger is outdated and efficient. Gates also announced nearly $200 million in grants, which will fund agricultural development projects that farmers are already finding success with. The goal is to help millions of farmers get out of poverty.
Overdraft fees is another popular search as the Consumer Financial Protection Bureau has launched an inquiry into checking account overdraft programs and how they impact the consumer.
The CFPB's "What's your overdraft status?" campaign could stand to impact bank revenue, as its goal is to educate consumers on the fees.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.
-- Written by Brittany Umar.