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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]
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 late April 2022, Crédit Agricole announced the sale of its 78.7 percent stake in Crédit du Maroc to the Holmarcom Group. [4] [5] A new visual identity was adopted by Crédit du Maroc following that change of ownership. The International Bank of Tangier (BIT) and SIFIM are subsidiaries of the CDM Group.
Credit Agricole HQ.jpg 375 × 281; 31 KB This page was last edited on 1 October 2022, at 15:32 (UTC). Text is available under the Creative Commons ...
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.
Crédit Agricole Italia S.p.A., formerly Crédit Agricole Cariparma S.p.A., is an Italian banking group, a subsidiary of French banking group Crédit Agricole. Crédit Agricole Italia was ranked as the 11th largest bank in Italy by total assets at 31 December 2015. [ 2 ]
CB GIE was created in 1984 by the six founding banks of Carte Bleue, plus Crédit Agricole and Crédit Mutuel. [2] Since 1992, all CB cards are smart cards; France was the first country to bring into the mainstream the use of smart cards with PIN verification in lieu of magnetic stripe cards and signature verification.
The CAM traces its origins to the dahir or Royal Decree of 1961 that established a National Agricultural Credit Bank (French: Caisse Nationale du Crédit Agricole, CNCA) inspired by the namesake French institution (est. 1920 and under that name since 1926), the national entity of the decentralized Crédit Agricole group.