Calyon cuts back in derivatives to survive downturn
In its latest three-year plan, published on September 10, the French investment bank said it would step up cross-selling efforts to customers of other divisions of its parent company, Crédit Agricole.
Calyon will focus on structured finance, equities (including equity derivatives) and fixed income, concentrating on existing corporate clients of Crédit Agricole. "The new Calyon will be the bank for the Crédit Agricole Group's large corporate and institutional clients," said Calyon's Paris-based
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