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

To continue reading...

You need to sign in to use this feature. If you don’t have a 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: