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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; Crédit Lyonnais (LCL) Crédit Commercial de France; Crédit du Nord. Banque Courtois; Banque Kolb; Banque Laydernier; Banque Rhône-alpes; Banque Tarneaud; Deutsche Bank; HSBC Continental Europe; La Banque postale; Société Générale; See the exhaustive list of banks operating in France, on the FBF website [23]
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Calyon Financial was a subsidiary of Calyon specializing in institutional futures and options brokerage, and was also a member of the Crédit Agricole Group.. The company was established in 1987 as Carr Futures, with offices in Chicago, Paris and Singapore.
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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: