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Credit Agricole SA (CAGR.PA)

CAGR.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Credit Agricole says repurchased 97.7 pct of zero coupon bonds
Tuesday, 27 Sep 2016 01:45pm EDT 

Credit Agricole : Says repurchased 97.7 percent of zero coupon bonds issued in 2013 and due 2016 .Says successfully placed zero coupon bonds exchangeable for Eurazeo shares due 2019 for a nominal amount of 308 million euros.  Full Article

Credit Agricole to issue exchangeable bonds for Eurazeo shares
Tuesday, 27 Sep 2016 01:55am EDT 

Crédit Agricole, which holds approximatively 14.9 pct of share capital of Eurazeo announced : The launch of an Issue Of Zero Coupon Bonds due 2019 and exchangeable for Eurazeo shares for an approximate amount of 300 million euros and the repurchase of the zero coupon bonds issued in 2013 and due 2016, exchangeable for existing Eurazeo shares. .The nominal unit value of the 2016 Bonds will be set at a premium of between 27.5% and 32.5% above the Eurazeo share volume weighted average price (the"VWAP") on the regulated market of Euronext Paris as from the opening of trading on 27 September 2016 until the final terms of the 2016 Bonds are determined on the same day..  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