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Definition: CALYON

Part of Speech Definition
Noun 1. Flint or pebble stone, used in building walls, etc.[Websters].

Source: Webster's Revised Unabridged Dictionary (1913)

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Date "Calyon" was first used in popular English literature: sometime before 1914. (references)


Extended Definition: CALYON

Calyon

Calyon Crédit Agricole CIB
Type Subsidiary
Founded May 1, 2004
Headquarters Paris, France
Key people Georges Pauget (Chairman)
Patrick Valroff (CEO)
Jérôme Grivet, Deputy CEO
Alain Massiera, Deputy CEO
Industry Finance and Insurance
Products Financial Services
Employees 13 000
Parent Crédit Agricole
Website www.calyon.com

Calyon Crédit Agricole CIB is Crédit Agricole's corporate and investment banking entity. With a staff of 13,000 employees in 58 countries,[1] Calyon is active in a broad range of capital markets, investment banking and financing activities.

History

Calyon was created in May 2004 by the transfer of assets from Crédit Lyonnais' Corporate and Investment Banking division to Crédit Agricole Indosuez (CAI).

Operations

Its activities are grouped into two major divisions - the Capital Markets & Investment Banking Division and the Financing Division.

Exceptional trading losses

In September 2007, a Calyon New York trader caused a loss of $350mn (€250mn). He had taken unusual positions beyond authorization and delegation. He was fired, as well as five other salaried employees from New York branch[2]

Credit Agricole lost €857m ($1.3bn, £657m) in the fourth quarter of 2007, primarily as a result of the €3.3bn charge on losses related to the credit crisis. [3][4]


References

  1. Calyon:International network
  2. LeMonde.fr (in french)[1]
  3. BBC (in english)[2]
  4. CA press release (page 2) 2/March/2008 (in english)[[3]]

See also

  • Crédit Agricole
  • Crédit Lyonnais

Source: adapted by the editor from Wikipedia, the free encyclopedia; from the article "Calyon". Image Credit.
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Topics by Level of Interest: CALYON

Topics sorted by level of Interest Level (1=low, 600=high)     Topics sorted Alphabetically Level (1=low, 600=high)
Calyon 7     Calyon 7
Calyon Financial 2     Calyon Financial 2

Source: the editor, created by/for EVE to gauge likely levels of human interest in linguistically triggered topics (compiled across various sources, such as Wikipedia and specialty expression glosses).