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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]
The Crédit Lyonnais (French: [kʁedi ljɔnɛ], "Lyon Credit [Company]") was a major French bank, created in 1863 and absorbed by former rival Crédit Agricole in 2003. Its head office was initially in Lyon but moved to Paris in 1882. In the early years of the 20th century, it was the world's largest bank by total assets. [1]
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 "Le Crédit Lyonnais".
Credit Agricole could raise its stake in Banco BPM in the next six months above the 15% threshold it will acquire through derivatives once it has supervisory approval, won't seek control of the ...
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]
Credit Agricole HQ.jpg 375 × 281; 31 KB This page was last edited on 1 October 2022, at 15:32 (UTC). Text is available under the Creative Commons ...
In January 2008, it merged with Calyon Financial to form Newedge; in 2014, SG purchased Credit Agricole's stake. [ 21 ] In subsequent years, the Société Générale Group has focused on developing its activities around three core businesses through a combination of organic growth and acquisitions.
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.