Amundi chair Yves Perrier to step down
He will be replaced by Crédit Agricole CEO Phillipe Brassac
Crédit Agricole
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Amundi-Lyxor deal unlikely to rattle iShares’ European ETF dominance
‘Merger will create a new number two ETF provider in Europe but combined entity will still be only 30% of the size of iShares’
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EC hits JPM, HSBC and Credit Agricole with £413m fine
JPMorgan Chase, HSBC and Crédit Agricole have been hit with fines totalling €485m (£413m) by the European Commission for rigging Euribor rates.
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Amundi set 1trn AUM target by 2016
French asset manager Amundi is looking at picking up smaller rivals across the continent.
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Amundi posts 8bn inflows in 2013
Amundi demonstrated a strong 2013 according to its annual results, taking in 10.3bn against a difficult backdrop.
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French banks at heart of short-selling ban
France, Italy, Belgium and Spain have all introduced a short-selling ban to quell market volatility.