Surprise, Surprise - The Biggest Bank In The World Is..
BNP Paribas.
Credit Agricole
Second-Tier Investment Banks Face Further Cutbacks
Investment banking - never has it been so difficult to be outside the top division.
European Bank Posts Record $8.68bn Loss
Credit Agricole, France’s third- largest bank by market value, reported a record fourth-quarter loss after writing down goodwill at its Italian and investment- banking businesses.
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C Suisse Trader Set To Fight Extradition, C Agricole CEO Blasts Trading Curbs, Pictet Confirms Inquiry
Kareem Serageldin, a former senior trader at Credit Suisse, faces the first court hearing this week in what is likely to be many months of legal cases to decide whether he is to be extradited to the US to face multi-million dollar fraud charges.
Former Traders Face Arrests in Libor Scandal
Gigi Stone reports on headlines making news around the globe.
Banks Said Paying Staff $1,422-a-day to Work on Interest Tare Swap Mis-selling, BofA Paulson Call, Morgan Stanley Hedge Fund Exit, French Banks Investigated
Banks are offering recruits up to £900 a day ($1,422) to work on interest rate swap mis-selling claims.
Citic to Buy CLSA Unit for $1.25 Billion
Citic Securities Co., China’s largest brokerage by market value, said it agreed to buy Credit Agricole SA’s CLSA unit for $1.25 billion.
LIBOR Latest
Credit Agricole said on Thursday it had not been accused of any wrongdoing related to the attempted manipulation of benchmark lending rates by Barclays, adding it had responded to requests for information from 'various authorities'.
London's Libor Probe Spreads to Asia Pacific
Traders at Deutsche Bank, HSBC, Societe Generale and Credit Agricole are under investigation for interest-rate manipulation in a global probe that led to more than $450m in fines for Barclays Plc last month, a person with knowledge of the matter said.
A Retail bank leader in France and in Europe, Crédit Agricole is a first-class partner for the economies in which it operates.
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Top Firm Continues To Shrink Investment Bank, But Says No More Layoffs
Enough already.
Second-Tier Investment Banks Face Further Cutbacks
Investment banking - never has it been so difficult to be outside the top division.