Credit Agricole, which refused to settle an antitrust probe over Euribor manipulation, accused European Union regulators of bias and said they should step down from the case, according to two people with knowledge of a letter the lender sent to the EU.
A Retail bank leader in France and in Europe, Crédit Agricole is a first-class partner for the economies in which it operates.
The European Commission has informed Crédit Agricole, HSBC and JPMorgan of its preliminary view that they may have breached EU antitrust rules by colluding to influence the pricing of interest rate derivatives denominated in the euro currency.
JPMorgan and HSBC are said to face a European Union complaint as soon as next month as the bloc’s antitrust chief races to fine a quartet of financial companies that snubbed rate-rigging settlements.
Crédit Agricole Corporate and Investment Bank has announced the appointment of Benoit Fosseprez as Head of Americas GIB (Global Investment Banking).
Bloomberg’s Manus Cranny reports on JP Morgan Chase and two other banks rejecting a European Union deal to end an antitrust probe into the rigging of Euribor lending rates.
French bank Societe Generale plans to cut 375 jobs across Europe in its securities-services business, a staff union said in a newsletter posted online after meeting with management.
Bloomberg's John Dawson takes a look at the top company headlines on Bloomberg Television's 'On The Move Asia'.
Bankers working on the sale of the bulk of Vivendi's stake in Activision Blizzard Inc to the video games maker and its management could earn advisory fees of up to $80m, according to an industry estimate.
Crédit Agricole CIB’s Board of Directors approved a proposal presented by Jean-Yves Hocher, Chief Executive Officer, to appoint the following Deputy Chief Executive Officers:
Investment banking - never has it been so difficult to be outside the top division.
Crédit Agricole CIB has announced the final organisation of its management team.
JPMorgan, HSBC and Credit Agricole will come face to face with the European Union antitrust officials who accused them of rigging the Euribor benchmark at hearings this week.