Reuters - Credit Agricole will stop trading commodities and will also slash its financing of the multi-billion-dollar market, the most sweeping commodity cuts yet among European banks strained by the euro zone crisis.
The French bank, which faces mounting losses in Greece, is redoubling efforts to get help from an unlikely source: the Greek central bank and its emergency-loan program.
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Lossmaking Emporiki unit contributes to 75 per cent decline in quarterly net profits at France’s third-biggest bank
Financial Times – US homepage
Crédit Agricole hit by Greek exposure is a...
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