Crédit Agricole Corporate and Investment Bank

Crédit Agricole Corporate and Investment Bank
Crédit Agricole CIB
Type Subsidiary
Industry Finance and Insurance
Founded May 1, 2004
Headquarters Paris, France
Key people

Jean-Paul Chifflet (Chairman)
Jean-Yves Hocher (CEO)
Pierre Cambefort, Deputy CEO
Francis Canterini, Deputy CEO

num_employees = 13 000
Products Financial Services
Parent Crédit Agricole
Website www.ca-cib.com

Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB, formerly Calyon) is Crédit Agricole's corporate and investment banking entity. With a staff of 13,000 employees in 58 countries,[1] Crédit Agricole CIB is active in a broad range of capital markets, investment banking and financing activities. Clients are primarily corporates, governments, and banks, with a small footprint in the investor segment.

Contents

History

Calyon was created in May 2004 by the transfer of assets from Crédit Lyonnais' Corporate and Investment Banking division to Crédit Agricole Indosuez (CAI), which had been created in 1996 with the purchase of Banque Indosuez by Crédit Agricole.

As of 6 February 2010, Calyon changed its name to Credit Agricole Corporate and Investment Bank (Crédit Agricole CIB)[2].

Operations

Its activities are grouped into two major divisions: the Capital Markets & Investment Banking Division and the Financing Division.

Trading losses

In September 2007, a Crédit Agricole CIB New York trader lost the firm 250M (US$320M). He had taken unusual positions beyond authorization and delegation. He was fired, as well as five other salaried employees from the firm's New York branch.[3]

Credit Agricole lost €857m ($1.1bn, £657m) in the fourth quarter of 2007, primarily as a result of the €3.3bn charge on losses attributed to the credit crisis. [4][5]

References

See also



Wikimedia Foundation. 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Crédit Agricole Corporate and Investment Bank — Cet article possède un paronyme, voir : CA Lyon. Logo de Crédit Agricole Corporate and Investment Bank …   Wikipédia en Français

  • Crédit agricole — Pour les articles homonymes, voir Crédit agricole (homonymie). Création 188 …   Wikipédia en Français

  • Liste des filiales du Crédit agricole — Principales filiales métier du groupe Crédit agricole Amundi (anciennement Credit agricole Asset management) Banque de Gestion Privée Indosuez (BGPI) BforBank CACEIS (Crédit Agricole et Caisse d Epargne Investor Services) CLSA Crédit Agricole… …   Wikipédia en Français

  • Credit Suisse — Group AG Type Aktiengesellschaft Traded as SIX: CSGN, NYSE:  …   Wikipedia

  • Crédit Agricole — S.A. Type Société Anonyme Traded as Euronext:  …   Wikipedia

  • Deutsche Bank — AG Type Aktiengesellschaft Traded as FWB:  …   Wikipedia

  • Royal Bank of Scotland — This article is about the retail bank. For its holding company, see Royal Bank of Scotland Group. Not to be confused with Bank of Scotland. The Royal Bank of Scotland plc Banca Rìoghail na h Alba Type Public …   Wikipedia

  • Mizuho Corporate Bank — Mizuho Corporate Bank, Ltd. Type Public KK Industry Financial Services Founded 1893 Headquarters Tokyo, Japan Key people Hiroshi Saito, Presi …   Wikipedia

  • Bank of America — Not to be confused with First Bank of the United States, Second Bank of the United States, or Bank of United States. Bank of America Corporation Type Public Traded as …   Wikipedia

  • Bank of Cyprus — Public Company Ltd Τράπεζα Κύπρου Δημόσια Εταιρεία Λιμιτεδ Type Publicly traded limited company Traded as CSE: BOCY, Athex …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”