2008-08-28 — housingwire.com
"More U.S.-led pain came in the form of Q2 earnings at major French banks on Thursday, with Credit Agricole SA, France’s third-largest bank, revealing that second-quarter profit dropped 94 percent on writedowns tied to U.S. bond insurers. Bloomberg News reported that the bank has so far announced 6.5 billion euros of write-downs."
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