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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Credit Agricole gets capital boost as profit climbs

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Credit Agricole reported a sharp rise in its core capital ratio to 12.4 percent, as the bank took advantage of higher profits and a sale of a stake in investment company Eurazeo to beef up its financial position.

Standard Charted spooks markets

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Standard Chartered roiled credit markets in Europe on Tuesday, when the bank broke with convention by saying it wouldn’t buy back its junior bonds at the first opportunity.

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More Painful 'House-Cleaning' Expected At Top Firm

The Wall Street Journal reports that Merrill Lynch may receive a $5bn cash infusion from Singapore's Temasek Holdings to shore up its capital. And The New York Post reports that David Trone, an analyst at Fox-Pitt Kelton, has said that the Wall Street firm could take an additional $8.4bn asset write-down hit in the fourth quarter, taking the 2007 asset write-down total to a massive $16.5bn. Credit Suisse analyst Susan Roth Kazke also said that she expected write-downs of up to $8bn and that 'we expect more senior management changes, some painful house-cleaning'.

Carr Futures Said To Upset Families

The Wall Street Journal reports that several families of Carr Futures employees who lost their lives in the September 11th terrorist attacks are upset with the firm as they have been asked to give back part of the life insurance monies they received following the death of their loved ones.

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Credit Agricole gets capital boost as profit climbs

Credit Agricole reported a sharp rise in its core capital ratio to 12.4 percent, as the bank took advantage of higher profits and a sale of a stake in investment company Eurazeo to beef up its financial position.