Keyword: Crédit agricole

Crédit Agricole profits nearly wiped out by Banco Espírito Santo crisis

The French bank wrote down to zero the value of its 15 per cent equity in the Portuguese bank in which it has held a stake since the 1990s.

Moody's downgrades French banks

Moody's gives Société Générale and Crédit Agricole their second downgrade in under three months, citing poor funding conditions and debt exposure.