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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]
BES has had a stable shareholder structure since 1991. The main shareholders, ESFG and Crédit Agricole, hold 50.8% of the capital. The Group's presence today is felt in 23 countries on four continents through branches, offices of representation, or sub-companies, making the Banco Espírito Santo Group the most international of the Portuguese financial groups.
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.
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FCA Bank SpA was born on January 16, 2015; this new company is equally made by FCA Italy S.p.A. and Crédit Agricole Consumer Finance. After obtaining the banking license in Italy, FCA Bank becomes the leader of an international banking group present in 17 European countries, adding also Morocco.
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.
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.
The EPI project is backed by the European Commission. It has 16 founding shareholders based in Belgium, France, Germany and the Netherlands: ABN Amro, Belfius, Crédit Mutuel, BNP Paribas, Groupe BPCE, Crédit Agricole, Deutsche Bank, Sparkassen-Finanzgruppe, DZ Bank, ING Group, KBC Bank, La Banque Postale, Nexi, Rabobank, Société Générale, Worldline.