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Reuters: Credit Agricole to raise $9.1 billion after writedown

Started by chris, May 13, 2008, 02:21:06 PM

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chris

Credit Agricole to raise $9.1 billion after writedown
      


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