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On 18 April 2008, Credit Agricole revealed that it would post $1.2 billion in losses related to subprime mortgage securities. In May 2008 Credit Agricole sought to raise €5.9 billion in equity capital from its shareholders. The shares controversially sold off from €19 to €6 over the successive period as the financial crisis escalated. [44]
Credit Agricole could raise its stake in Banco BPM in the next six months above the 15% threshold it will acquire through derivatives once it has supervisory approval, won't seek control of the ...
Crédit Agricole Indosuez (CAI) was created in 1996 with the purchase of Banque Indosuez by Crédit Agricole. Calyon was created in May 2004 by the transfer to CAI of assets from Crédit Lyonnais's Corporate and Investment Banking division. The division was rebranded Crédit Agricole Corporate & Investment Bank (CACIB) in February 2010.
In May 2015, Brassac was appointed CEO of Crédit Agricole S.A. with the backing of the owners of the group's mutual banks. [4] In June 2015, he announced the flotation of the asset management joint venture, Amundi, of Credit Agricole and Société Générale which could be worth €7bn. [5]
Indosuez Wealth Management is the wealth management arm of the Crédit Agricole group and perpetuates the Indosuez brand, even though it covers a much narrower market segment than Banque Indosuez used to. It is headquartered at 17 rue du Docteur Lancereaux in Paris and has offices in several financial centers, including in Geneva.
In 1997, Carr Futures was acquired by Crédit Agricole, and in 2004, Carr Futures was rebranded as Calyon Financial. On January 2, 2008, Calyon Financial merged with Fimat to become Newedge , which was jointly owned in a 50/50 split between the two forming company's parent banks, Calyon and Société Générale .
35: Casablanca: BNP Paribas - France: ... Crédit agricole du Maroc; Limar Bank Casa Union Marocaine de Banques; Raw-Mat Bank; Societe de Banque & de Credit;
They were persuaded to return in exchange for a 35% stake in the company and guarantees of independence. In 2003 Crédit Lyonnais, including CLSA, was acquired by Crédit Agricole, France's largest retail banking group, and CLSA remained part of Crédit Agricole until 2012.