French banks to merge asset management businesses

Two of France's largest banks said Monday they plan to merge their asset management businesses in a deal to create Europe's fourth largest retail and institutional money manager.

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Credit Agricole seeks $7.72 billion in new capital

Credit Agricole said Thursday it plans to sell $7.72 billion worth of assets and named a new leader at its investment bank. The French bank, shaken by the global credit crisis, will also seek $9.1 billion in new capital.

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Cr.Agricole Has 4Q Loss on Write-Downs

French bank Credit Agricole SA reported it swung to a hefty loss Wednesday for the fourth quarter, another European bank forced to write-down billions from the U.S. mortgage crisis.

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Credit Agricole Reports Big 4Q Loss

French bank Credit Agricole SA reported $5 billion in write-downs Wednesday and a hefty fourth-quarter loss related to the credit crisis.

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Someone once said the time to buy is when there's blood in the streets...so put on your Wellington boots and go out shopping, because the red stuff is flowing now from Northern Rock.

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