Credit Agricole Rises in Record Investment Bank Quarter
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Credit Agricole SA’s investment bank posted a record performance in the first quarter as the French lender’s debt traders powered a surge in revenue.
Underlying revenue from fixed income, commodities and currencies trading jumped 42% in the first three months of the year, outpacing a 9% jump at BNP Paribas SA and beating larger rivals in a difficult trading period. The performance contributed to record revenue at the corporate and investment bank.