- Calyon
Infobox_Company
company_name = Calyon Crédit Agricole CIB
company_
company_type = Subsidiary
company_slogan = "Growing to match your growth"
foundation =May 1 ,2004
location =
key_people = Georges Pauget (Chairman )
Patrick Valroff (CEO)
Jérôme Grivet, Deputy CEO
Alain Massiera, Deputy CEO
num_employees = 13 000
parent =Crédit Agricole
industry =Finance and Insurance
products =Financial Services
homepage = [http://www.calyon.com www.calyon.com]Calyon Crédit Agricole CIB is
Crédit Agricole 's corporate andinvestment banking entity. Calyon was created in May 2004 by the transfer of assets fromCrédit Lyonnais ' Corporate and Investment Banking division to Crédit Agricole Indosuez (CAI).With a staff of 13,000 employees in [http://www.calyon.com/corporate-investment-banking-financing/international-network 58 countries] , Calyon is active in a broad range of capital markets, investment banking and financing activities.
Its activities are grouped into two major divisions - the Capital Markets & Investment Banking Division and the Financing Division.
Exceptional trading losses
In September 2007, a Calyon New York trader caused a loss of $350mn (€250mn). He had taken unusual positions beyond authorization and delegation. He was fired, as well as five other salaried employees from New York branch [LeMonde.fr (in french) [http://www.lemonde.fr/web/article/0,1-0@2-3234,36-956995@51-957103,0.html] ]
Credit Agricole lost €857m ($1.3bn, £657m) in the fourth quarter of 2007, primarily as a result of the €3.3bn charge on losses related to the credit crisis. [BBC (in english) [http://news.bbc.co.uk/2/hi/business/7278702.stm] ] [CA press release (page 2) 2/March/2008 (in english) [http://www.calyon.com/news/corporate-investment-bank/press-releases-200832/$File/Com_Presse_FY07_V080304_eng.pdf] ]
Investments
Calyon is one of the banks providing
senior debt for the controversial M3 Motorway being built in Ireland, through theHill of Tara archaeological complex.References
ee also
*
Crédit Agricole
*Crédit Lyonnais
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