LONDON (ShareCast) – French bank Credit Agricole (Milan: ACA.MI – news) is preparing to change its financing model for its investment and corporate bank, announced general director Jean-Yves Locher, the Financial Times reports. “We will be slimmer, operating in a smaller network of countries and a business model focused on the financing business,” he explained. The new model is expected to be ready by the end of the year. “And we are very much focused on debt capital markets because our customers need more and more to issue bonds,” Locher added. Shares were down 3.65% at €5.13 by 12:14 in Paris. S.B.
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