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Credit Agricole SA (CAGR.PA)

CAGR.PA on Paris Stock Exchange

8.78EUR
30 Sep 2016
Change (% chg)

€0.08 (+0.95%)
Prev Close
€8.69
Open
€8.47
Day's High
€8.81
Day's Low
€8.26
Volume
12,824,351
Avg. Vol
7,277,232
52-wk High
€11.93
52-wk Low
€6.79

Latest Key Developments (Source: Significant Developments)

Amundi, Credit Agricole merge real estate management activities
Wednesday, 14 Sep 2016 12:28pm EDT 

Amundi SA : Amundi and Crédit Agricole Immobilier have decided to combine their real estate management activities by merging their specialised management companies Amundi Immobilier and CA Immobilier Investors (CAII) . Deal will consist in Crédit Agricole Immobilier contributing CAII shares to Amundi in return for Amundi shares . Based on a valuation of €29.3 million for CAII and a valuation of €43 for the Amundi share (representing the average share price in August), 680,232 new Amundi shares will be issued for the benefit of Crédit Agricole Immobilier. .The transaction will have a neutral impact on Amundi's net earnings per share in 2016.  Full Article

Credit Agricole says 83 pct shareholders take dividend in shares
Tuesday, 21 Jun 2016 02:30am EDT 

Credit Agricole SA says :83 percent of its shareholders elected to receive dividend in shares.  Full Article

Credit Agricole gives 2019 guidance
Wednesday, 9 Mar 2016 01:30am EST 

Credit Agricole SA:Says targets 2.5 pct revenue growth in 2019 vs 2015, 2019 net income at 4.2 bln euro vs 3.5 bln in 2015.Says targets return on tangible equity of more than 10 pct in 2019 vs 10 pct in 2015.Says aims for 900 mln euro annual cost savings by 2019, cost base to increase by 200 mln to 10.9 bln.Says targets 4.4 bln euro in investments by 2019.Says targets 2019 cost/income ratio below 60 pct.Says targets common equity tier one (CET 1) ratio above 11 pct by 2019 vs 11 pct in 2015.Says targets cet 1 ratio of 16 pct in 2019.Says targets dividend payout ratio of 50 pct in cash in 2016-2019.  Full Article

Credit Agricole SA - EU investigating possible rigging of debt market, sources say - Reuters
Wednesday, 10 Feb 2016 07:46am EST 

Credit Agricole SA:EU antitrust regulators are investigating several banks for possible rigging of the $1.5 trillion government-sponsored bond market, two people familiar with the matter said on Wednesday - RTRS.The investigation is the latest in a series of actions against suspected wrongdoing in financial services, including alleged attempts to rig the markets for Libor and foreign exchange - RTRS.The European Commission has sent questionnaires asking about the price of supra-national, sub-sovereign and agency (SSA) debt to a number of market participants, the sources said, confirming a Financial Times report on Tuesday - RTRS.Debt issuers in this market includes the European Bank for Reconstruction and Development and agency borrowers such as the German-backed development bank KfW. Such bonds often covered by an implicit or explicit state guarantee - RTRS.IFR, a Thomson Reuters service, reported in January, quoting several sources, that four London-based traders of SSA debt were being investigated by the U.S. Department of Justice for possible manipulation of bond prices - RTRS.The sources said one worked at Bank of America Merrill Lynch, another at Credit Agricole, a third at Nomura and the fourth at Credit Suisse. All four had vacated their desks pending the outcome of the U.S. investigation, they said. The banks declined to comment at the time - RTRS.The FT said the EU probe probably started at the same time as Justice Department's. - RTRS.  Full Article

Credit Agricole SA to pay $787 mln to resolve U.S. sanctions probes -source - Reuters
Sunday, 18 Oct 2015 08:00pm EDT 

Credit Agricole SA:Credit Agricole SA has agreed to pay U.S. authorities $787 million to resolve accusations it illegally moved money through the U.S. financial system in violation of sanctions against Iran, Sudan, and other countries, according to a person familiar with the matter - Reuters.The deal is likely to be announced on Tuesday, the person said - Reuters.Authorities agreed to enter into deferred prosecution agreements with the bank, another source said - Reuters.Under such agreements, banks face enhanced oversight for a certain period of time, typically three years. If they do not abide by the terms of the deal, criminal charges could be filed - Reuters.Credit Agricole did not immediately return requests for comment. Representatives of the U.S. Department of Justice, U.S. Treasury Department, Manhattan District Attorney's office and New York Department of Financial Services declined to comment - Reuters.Credit Agricole was accused of violating U.S. sanctions against Iran, Sudan, Myanmar and Cuba between 2003 and 2008, the first source said - Reuters.  Full Article

Credit Agricole SA nears $800 mln U.S. probe settlement -Les Echos - Reuters
Monday, 12 Oct 2015 08:00pm EDT 

Credit Agricole SA:Credit Agricole close to deal to pay $800 mln to resolve U.S. investigation in coming days, Les Echos says - Reuters.Probe relates to whether C.Agricole moved funds through U.S. to blacklisted countries such as Sudan, Iran, Cuba and Myanmar - Reuters.Reuters reported in September that C.Agricole may pay about $900 million in penalties to resolve the probe - Reuters.  Full Article

Coheris awarded contract by Credit Agricole Titres, a subsidiary of Credit Agricole
Tuesday, 15 Sep 2015 08:21am EDT 

Coheris SA:Credit Agricole Titres, a subsidiary of Credit Agricole, chooses CRM and Business Intelligence solutions from Coheris.  Full Article

Credit Agricole SA may pay about $900 mln in U.S. sanctions probes - source - Reuters
Tuesday, 8 Sep 2015 08:00pm EDT 

Credit Agricole SA:Credit Agricole SA is nearing an agreement to pay about $900 million to resolve investigations into whether it illegally moved funds through the United States for blacklisted individuals and countries such as Sudan and Iran, according to a person familiar with the matter - Reuters.Talks are ongoing and the total penalty, negotiated by multiple U.S. agencies, could change - Reuters.A second source described the current settlement as in the "high hundreds of millions" and suggested it could reach a $1 billion - Reuters.Settlements with U.S. authorities over sanctions typically take longer to complete than anticipated, in part because so many agencies are involved - Reuters.  Full Article

Credit Agricole adjusts organization to oversee transformations and enhance performance
Tuesday, 4 Aug 2015 01:01am EDT 

Credit Agricole SA:Adjusts organization to oversee transformations and enhance performance.Organization will be structured around for business lines reporting directly to exectuvie management, three central functions to handel group-wide matters and four functions to direcly report to Executive Management.Business lines are 'Major Clients', 'Savings Management, Insurance and Property', 'Specialised Financial Services' and 'Retail Banking Subsidiaries.Three central functions are 'Development, Client and Innovation', 'Operations and Transformation', and 'Group Finance.Four functions to directly report are 'Group Control', 'Group Risk Management and Permanent Controls', 'Compliance', and 'Corporate Secretary.New organizational structure to take effect as of September 1, 2015.  Full Article

Credit Agricole SA and Societe Generale to launch a project for joint subsidiary Amundi's IPO
Wednesday, 17 Jun 2015 02:00pm EDT 

Credit Agricole SA:Credit Agricole SA and Société Générale are announcing their decision to launch a project for the initial public offering of their joint subsidiary Amundi.The purpose of the flotation is to underpin the continuing development of Amundi and provide liquidity to Société Générale, which could sell up to its entire stake, as set out in the shareholder pact that was agreed at the creation of Amundi.  Full Article

BRIEF-Credit Agricole to issue exchangeable bonds for Eurazeo shares

Sept 27 Crédit Agricole, which holds approximatively 14.9 pct of share capital of Eurazeo announced :