Credit Agricole Posts a $3.6 Billion Loss on Greek Unit

“Credit Agricole SA (ACA), France’s third- largest bank, posted a quarterly loss that exceeded analysts’ estimates on costs tied to the sale of its Greek unit.

The shares fell the most in six weeks after the bank, based outside of Paris, reported a third-quarter net loss of 2.85 billion euros ($3.62 billion). That’s wider than the 1.88 billion-euro average estimate of seven analysts surveyed by Bloomberg.”

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