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Credit Agricole Lifts Capital as Investment Banking Slumps

  • Unit lender’s investment bank sees 20% decline in profit
  • Key ROTE profit target declines, though is still within range
Credit Agricole SA Headquarters And Branches As Bank To Appeal European Commission's Euribor Rigging Fine
Photographer: Christophe Morin/Bloomberg
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Credit Agricole SA followed competitor Societe Generale SA in strengthening its capital buffers, even though slower investment banking activity weighed on second-quarter earnings.