Crédit Agricole reports bigger impact from credit crunch

12/21/2007 | Forbes

Crédit Agricole said its investment banking unit, Calyon, will post a loss for the year and that the credit crisis put an additional €1.6 dent on the bank's 2007 earnings. The bank also announced it has "decided to strengthen its already strict writedown policy related to financial instruments exposed to the current credit crisis."

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