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 and investment banking entity. Calyon was created in May 2004 by the transfer of assets from Crédit 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 the Hill of Tara archaeological complex.

References

ee also

*Crédit Agricole
*Crédit Lyonnais