Credit Agricole moves up FSB list of global systemically important banks

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- French lender Credit Agricole CAGR.PA 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 has moved down from bucket 3 to bucket 2, it added.

The list of global systemically important banks remains at 29, with JPMorgan still top-placed, sitting alone in bucket 4.

Citigroup and HSBC are now the sole occupants of bucket 3.

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



(Reporting by Dave Graham, Editing by Miranda Murray)

((dave.graham@thomsonreuters.com; Reuters Messaging: dave.graham.thomsonreuters.com@reuters.net))

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