Calyon
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| Calyon Crédit Agricole CIB | |
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| 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. Calyon was created in May 2004 by the transfer of assets from Crédit Lyonnais' Corporate and Investment Banking division to Crédit Agricole Indosuez (CAI).
With a staff of 13,000 employees in 58 countries, Calyon is active in a broad range of capital markets, investment banking and financing activities.
Its activities are grouped into two major divisions - the Capital Markets & Investment Banking Division and the Financing Division.
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[edit] Exceptional trading losses
In September 2007, a Calyon New Yorker trader caused a loss of €250mn. He had taken unusual positions beyond authorization and delegation. He was fired, as well as five other salaried employees from New York branch[1]
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 Calyon credit crisis. [2][3]
[edit] Key Strengths
Calyon is a leading player in the Interest Rate Derivatives arena. Its global footprint combined with a world-class derivatives platform have created a Structured Euro Medium Term Notes (EMTN) business that consistently ranks in the market Top 10.
