Credit Agricole SA To Cut 2,350 Global Jobs

Dow Jones reported that Credit Agricole SA is to cut 2,350 jobs around the world, including 850 positions in France, mainly at its Cacib investment bank, the Force Ouvriere union said. 

At Cacib, 1,750 jobs will be cut globally, including 550 in France. The Bank's consumer credit branch, CACF, will see 600 jobs cut, half in France and half in the rest of the world.