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Credit Agricole's Jumbo Financings Boost Investment Bank

Fabio Benedetti Valentini
Credit Agricole's Jumbo Financings Boost Investment Bank

Credit Agricole SA’s investment bank and retail business are both benefiting from the thirst for credit. Financing revenue jumped 17 percent in the second quarter after the bank provided advice and arranged debt financing on large deals including Altran Technologies SA’s takeover of Aricent Inc., helping the investment bank beat estimates. The bank’s French LCL retail business also did better than expected after seeing loan growth jump.