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Reuters: C.Agricole to raise $9.1 bln after writedown

Started by chris, May 13, 2008, 11:21:04 AM

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chris

C.Agricole to raise $9.1 bln after writedown
      


PARIS (Reuters) - France's biggest retail bank, Credit Agricole , announced a 5.9 billion euros ($9.1 billion) rights issue to shore up its capital after further writedowns at its Calyon investment bank, sending its shares down sharply.
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