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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SocGen said planning job cuts

Axe In Wood

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.


Former Lehman Exec Claims $233m In Deferred Comp

The Wall Street Journal reports that Joseph Gregory, Lehman Brother's former president, has put in a $233m claim as a creditor against the bankrupt company's estate for performance-related and restricted stock options. Some people have no shame.

Bear, Calyon, Citadel, Citigroup, Daiwa, Scotia

Reuters reports that Bear Stearns has settled a 2002 case with US regulator the Securities and Exchange Commission in which five salespeople were accused of issuing unauthorized faxes and e-mails containing sales materials about future offerings ahead of regulatory approval declaring them effective.