A sign hangs outside a Credit Agricole bank in Paris. Credit Agricole is to cut 2,350 jobs, primarily in investment banking, a union source told Reuters yesterday, as the French bank slashes costs and ploughs ahead with a back-to-basics strategy sped up by the eurozone debt crisis. The job losses include 1,750 at Credit Agricole’s corporate and investment bank, which employs 13,000 people, the source said, and 600 job at its factoring and consumer finance arms.
