credit agricole
Credit Agricole seeks $7.72 billion in new capital
Posted May 15th, 2008 by California Home LoanPARIS -- Credit Agricole said Thursday it plans to sell $7.72 billion worth of assets and named a new leader at its investment bank. The French bank, shaken by the global credit crisis, will also seek $9.1 billion in new capital.
Agricole to sell assets, restructure Calyon
Posted May 15th, 2008 by California Home LoanAgricole to sell assets, restructure Calyon
Posted May 15th, 2008 by California Home LoanPARIS (Reuters) - Credit Agricole (CAGR.PA), France's biggest retail bank, said on Thursday it would sell assets and restructure its Calyon investment banking arm as it confirmed a 5.9 billion euro ($9.1 billion) rights issue.
C.Agricole to raise $9.1 bln after writedown
Posted May 13th, 2008 by California Home LoanPARIS (Reuters) - France's biggest retail bank, Credit Agricole (CAGR.PA), announced a 5.9 billion euros ($9.1 billion) rights issue to shore up its capital after further writedowns at its Calyon investment bank, sending its shares down sharply.
C.Agricole fourth-quarter loss worse than forecast
Posted March 5th, 2008 by California Home LoanPARIS (Reuters) - Credit Agricole SA, France's biggest retail bank, posted a fourth-quarter loss on Wednesday after large writedowns due to the global credit crunch and said it was not planning any major acquisitions.