Credit Agricole Posts $3.6 Billion Loss After Greek Sale
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Credit Agricole SA, France’s third-largest bank, posted a quarterly loss that exceeded analysts’ estimates on costs tied to the sale of its Greek unit.
The shares fell the most in a year after the bank, based outside of Paris, reported a third-quarter net loss of 2.85 billion euros ($3.62 billion). That’s wider than the 1.88 billion-euro average estimate of seven analysts surveyed by Bloomberg.