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Credit Agricole moves up FSB list of global systemically important banks
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Credit Agricole moves up FSB list of global systemically important banks
Nov 26, 2024 1:42 AM

ZURICH, Nov 26 (Reuters) - French lender Credit Agricole

has moved up the list of global systemically important

banks published by the Financial Stability Board (FSB), the

Basel-based body said on Tuesday.

Since 2023, Credit Agricole has moved from the lowest level

on the list, bucket 1, up to bucket 2, the FSB said.

Meanwhile, U.S. lender Bank of America ( BAC ) has moved down from

bucket 3 to bucket 2, it added.

The list of global systemically important banks remains at

29, with JPMorgan ( JPM ) still top-placed, sitting alone in bucket 4.

Citigroup ( C/PN ) and HSBC ( HSBC ) are now the sole occupants of bucket 3.

The list comprises five buckets. No bank is in bucket 5.

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