Search results
Results from the WOW.Com Content Network
Credit Agricole SA (CRARY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
For premium support please call: 800-290-4726 more ways to reach us
By Geoffrey Smith. For premium support please call: 800-290-4726 more ways to reach us
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]
In July 2012, CITIC Securities agreed to acquire Crédit Agricole's Asia brokerage and research unit CLSA for $1.25 billion which 19.9 percent stake or $310.3 million will be bought in the first step and the remaining 80.1 percent stake or $941.7 million will be bought later.
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]
For premium support please call: 800-290-4726 more ways to reach us
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.