Crédit Agricole Corporate and Investment Bank is Crédit Agricole's corporate and investment banking entity. With a staff of 13,000 employees in 58 countries, Crédit Agricole CIB is active in a broad range of capital markets, investment banking and financing activities. Clients are primarily corporates, governments, and banks, with a small footprint in the investor segment. Calyon was created in May 2004 by the transfer of assets from Crédit Lyonnais' Corporate and Investment Banking division to Crédit Agricole Indosuez , which had been created in 1996 with the... purchase of Banque Indosuez by Crédit Agricole. As of 6 February 2010, Calyon changed its name to Credit Agricole Corporate and Investment Bank . Its activities are grouped into two major divisions: the Capital Markets & Investment Banking Division and the Financing Division. In September 2007, a Crédit Agricole CIB New York trader lost the firm €250M . He had taken unusual positions beyond authorization and delegation. He was fired, as well as five other salaried employees from the firm's New York branch.
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