February 19, 2013 / 5:08 PM / in 5 years

Credit Agricole resigns as Category 2 member of LME

LONDON, Feb 19 (Reuters) - Credit Agricole, France’s No.3 bank, has resigned as a Category 2 member of the London Metal Exchange, the LME said on Tuesday.

The bank announced 3.8 billion euros ($5.2 billion) in charges this month as banks struggle to move on from ill-timed deals before the 2008 financial crisis.

Category 2 members are entitled to trade on the electronic LMESelect and the telephone market, but may not trade in the open outcry ring. (Reporting by Susan Thomas; editing by James Jukwey)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below