Crédit Agricole Announces High Net Losses in Midst of Bank Reforms

Last Wednesday, February 20, French bank Crédit Agricole, announced a net loss of 6.47 billion euros for the year 2012. This statement sets the bank’s balance sheet “in the red” at a net negative of 3.8 billion euros. Great losses for the first three quarters of 2012 had already been declared, and this most recent […]