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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]
Industrial and Commercial Bank of China, the world’s largest bank by total assets. This list is based on the April 2024 S&P Global Market Intelligence report of the 100 largest banks in the world.
The IPO enabled Société Générale to sell its 20% stake in the company and Crédit Agricole to sell 5%, remaining the majority shareholder with 75% of Amundi's overall share capital. [17] Amundi Group was listed on the Euronext stock exchange on 12 November 2015 with a market capitalisation of 7.5 billion euros. [ 18 ]
In november 2020, Crédit Agricole Italia launched a takeover bid for the entire share capital of Credito Valtellinese at €10.5 per share, with a premium of more than 21% compared to the last quotation and a maximum outlay of €737 million. After an increase to €12.50 per share, Crédit Agricole successfully concluded the takeover bid by ...
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 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 .
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".
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.