Credit Agricole Posts a 75% Drop in Profits From Greek Debt

“Credit Agricole SA, France’s third- largest bank by market value, said first-quarter profit dropped 75 percent, hurt by Greek losses.

The bank slumped as much as 4 percent in Paris trading after reporting net income of 252 million euros ($326 million), less than the 482 million-euro average estimate of five analysts surveyed by Bloomberg.”

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