French bank Crédit Agricole said it is selling its private-equity business to investment fund Coller Capital as part of its plan to boost its capital ratios.
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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