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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]
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.
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 .
Rank Bank Total assets (billions of US dollars) Headquarter city 1 : HSBC: 3,098.84 London: 2 : BNP Paribas: 3,075.44 Paris: 3 : Crédit Agricole: 2,393.95 Paris
The Confédération nationale de la mutualité, de la coopération et du crédit agricole (CNMCCA) (English: The National Confederation of Reciprocity, Co-operation and Agricultural Credit) gathers the various components of the French agricultural mutualist and co-operative movement:
LCL S.A. is a major French banking network that is part of the Crédit Agricole group, with registered office in Lyon and administrative head office in Paris, France. [2] It was established in 2005 from its predecessor the Crédit Lyonnais , and its name LCL refers to " L e C rédit L yonnais".
1880 — Caixa Económica Portuguesa was founded as a savings bank for Portugal's poorer classes. 1885 — The two Caixas merged. 1896 — CGD was spun off from the Junta de Crédito Público. This was followed by the creation of Caixa de Aposentações for wage earners and Monte de Piedade Nacional, a pawnbroking operation.
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.