Bloomberg News

Credit Agricole's Chifflet Says 2013 Offers Fresh Start (Audio)

February 20, 2013

Jean-Paul Chifflet, chief executive officer of Credit Agricole SA, France's third-largest bank by market value, speaks on a teleconference about the company's record fourth-quarter loss reported today.

The net loss widened 30 percent from a year earlier to 3.98 billion euros ($5.3 billion) after writing down goodwill at its Italian and investment-banking units. (Translated excerpt. Source: Credit Agricole)

00:00 Difficult, eventful 2012; fresh start; Greece 02:40 Southern Europe; goodwill writedown 04:46 Cost cuts; retail banking; private banking

Running Time: 09:30


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