Crédit Agricole de-risking saps earnings

Crédit Agricole’s pivot away from corporate and investment banking accelerated in the year to March 31, with the dealer shedding €14.2 billion in risk-weighted assets related to these business lines and cutting its trading value-at-risk by €3.5 million.

In its first quarter earnings, the French dealer said its corporate and investment bank (CIB) had adopted a “highly selective” risk-taking policy and a “pick and choose” approach to capital allocation as part of its strategy to reduce earnings

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: