Law Blog - WSJ.com (Free subscription) | 08/28/2008
Credit Agricole said write-downs related to its monoline exposure caused a 94% drop in second-quarter net profit.
Times Online (Free subscription) | yesterday
The credit crisis gave no respite to European financiers yesterday as profits tumbled at Crédit Agricole, France's biggest bank, and Allianz, the German insurer, moved to sell its loss-making Dresdner Bank.
Market Wire - Financial Services: Retail Banking (Free subscription) | 08/28/2008
PARIS (MARKET WIRE) First half 2008
BBC News (Free subscription) | 08/28/2008
Credit Agricole reports a 94% fall in second-quarter profits after the bank is hit by a loss at its investment banking division.
The Telegraph (Free subscription) | yesterday
French bank Crédit Agricole has suffered another painful quarter as hefty writedowns wiped out almost all of its profits.
Times Online (Free subscription) | 08/28/2008
Credit Agricole, the French bank, today became the country's biggest casualty of the credit crisis after writing down an additional €1.3 billion (£1 billion) which sent Calyon, its corporate and investment banking arm, plunging into a loss for the first half.
Banking Times: Daily Banking News (Free subscription) | 08/28/2008
Yesterday the board of directors, chaired by René Carron, of French bank Crédit Agricole met to review its interim financial results. In the first half of the year the bank generated a net income of €968m, taking into account the substantial damage caused by worldwide financial turbulence. In total the global financial crisis was reckoned to cost [...]
FT.com - Europe homepage (Free subscription) | 08/28/2008
France's biggest retail bank, reported a 94 per cent fall in second-quarter profit with earnings hit by a widely expected loss at its Calyon investment banking division
Forbes (Free subscription) | 08/28/2008
France's major banks have more or less survived the second quarter of 2008, with Credit Agricole's results on Thursday luring investors back despite a hefty drop in profits.Shares of Credit Agricole jumped 9.4%, or 1.24 euros ($1.83), to 14.45 euros (21.27), during late trading in Paris on Thursday. Rival bank BNP Paribas (other-otc: - - ) rose 5.6%, while Societe Generale (other-otc:...
Financial Time (Free subscription) | 08/28/2008
... same three months last year. Dresdner Kleinwort said it expected charges of €1.2bn resulting from Crédit Agricole’s monoline exposure.
Forbes (Free subscription) | 08/28/2008
French bank Credit Agricole saw its profits nearly wiped out for the second quarter, after a fresh set of write-downs related to the saddled its investment banking division with a hefty loss of 855 million euros ($1.3 billion). But although the bank's earnings missed consensus expectations, Credit Agricole avoided an overall loss and therefore outperformed the gloomier side of a wide...
Inbox Robot: Swiss Reinsurance News (Free subscription) | 08/28/2008
Credit Agricole shares move higher; Natixis, Swiss Life fall Last update: 12:06 p.m. EDT Aug. 28, 2008 LONDON (MarketWatch) -- European shares rebounded strongly ...
Market Watch (Free subscription) | 08/28/2008
France's third- and fourth-largest banks reported slumping results from the credit crunch on Thursday, with Credit Agricole revealing a 94% profit drop and Natixis swinging to a loss of about $1.5 billion.
DealBook (Free subscription) | 08/28/2008
Two French banks showed the scars of the financial crisis on Thursday, with heavy asset write-downs stripping Credit Agricole of all but a sliver of profit and plunging Natixis to a billion euro loss. Agricole, France’s biggest retail bank, revealed a 94 percent fall in second-quarter profit, hit by another loss at its Calyon investment bank, [...]
International Herald Tribune (Free subscription) | 08/28/2008
Most stocks rose for a third day after Crédit Agricole said a key measure of financial strength held steady and MBIA, the largest U.S. bond insurer, demonstrated its ability to win new business.
