Crédit Agricole Taps BNP To Wind Down Equity Portfolio

23 Oct 2013

Crédit Agricole will hand over its equity derivatives portfolio to BNP Paribas to wind down the positions. The deal takes effect Jan. 2014 and follows an April announcement by CA of plans to close the business as part of a EUR250 million cost-cutting strategy.

Crédit Agricole will hand over its equity derivatives portfolio to BNP Paribas to wind down the positions. The deal takes effect Jan. 2014 and follows an April announcement by CA of plans to close the business as part of a EUR250 million cost-cutting strategy.

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