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French banks hit again by subprime losses, tighten belts (AFP)




The headquarters of Credit Agricole in Paris on May 13, 2008. French banks Credit Agricole and Natixis reported more heavy losses on Thursday as financial market turmoil mauled their business, forcing them to cut costs and raise cash to repair the damage.(AFP/File/Jacques Demarthon)AFP - French banks Credit Agricole and Natixis reported more heavy losses on Thursday as financial market turmoil mauled their business, forcing them to cut costs and raise cash to repair the damage.





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