Credit Agricole

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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Bear Stearns, BNP Paribas, Calyon, Citigroup

Financial News has reported that Bear Stearns has formed a new proprietary trading group, by merging cash equities, structured equities and clearing activities under a new management team led by Bruce Lisman and Steven Meyer. Both will report into Warren Spector, Bear's President and Chief Operating Officer.

Thousands To Go Following Merger

Reuters reports that Credit Agricole has confirmed that around 3,500 investment banking jobs are likely to go following the agreed merger between Credit Agricole and Credit Lyonnais.