Skip to main content

Crédit Agricole Will Fight For Its Right To Have A Little Fun With Interbank Rates From Time To Time

  • Author:
  • Updated:

Whatever it did, it wasn't illegal. That's its story and it's sticking to it.

Jean-Paul Chifflet, chief executive, said alongside a presentation of the group’s third-quarter results that the bank had an “excellent case” and that the commission’s case was “without merit”.

“From the very beginning I have refused the idea of a settlement as it would imply a recognition of wrongdoing,” he said as the largest bank in France by assets reported a year-on-year jump in net income for the three-months to September 30….

Crédit Agricole, along with HSBC and JPMorgan has been resisting signing a deal, leaving three banks – Royal Bank of Scotland, Deutsche Bank and Société Générale – party to the likely main settlement.

Crédit Agricole rejects settling with Brussels over rate-rigging claims


Paul Singer Having Some Fun With Argentina Again

Well, fun for Singer. Argentina, not so much.

By Nordenfan (Own work) [CC BY-SA 4.0], via Wikimedia Commons

Deutsche Bank Still Doing Things Wrong Because It Takes Time To Stop Doing Things Wrong The Right Way

Going from "What's compliance?" to actual compliance could take at least a year.