Crédit Agricole

EU Commission charges three banks with rigging

By Foo Yun Chee

European Union antitrust regulators charged Europe's biggest bank HSBC, US peer JPMorgan and France's Credit Agricole on Tuesday with rigging financial benchmarks linked to the euro, exposing them to potential fines.

The European Commission also said it would charge broker ICAP soon for suspected manipulation of the yen Libor financial benchmark.

Corporate Commercial Bank Acquires Credit Agricole Bulgaria

Bulgaria's Corporate Commercial Bank (KTB) has acquired all assets of Credit Agricole Bulgaria, the Bulgarian National Bank (BNB) announced Wednesday.

A deal worth BGN 92 M, which enables KTB to purchase Credit Agricole's Bulgarian unit, has been approved by the Bank Oversight department at the BNB, Bulgaria's bTV channel reported.

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