CORRECT: Natixis, Not Credit Agricole, Has EUR450 Million In Madoff Exposure

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Dimanche 08 nov 2009 | 13:17:56

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CORRECT: Natixis, Not Credit Agricole, Has EUR450 Million In Madoff Exposure

Earlier today, French banks BNP Paribas SA (13110.FR) and Natixis (12068.FR) said they could lose up EUR350 million and EUR450 million respectively because of the alleged Madoff swindle.
[In the story headlined "Axa: Overall Exposure To Madoff Well Below EUR100M," published at 1136 GMT, incorrectly reported Credit Agricole SA (4507.FR) could lose up to EUR450 million because of the alleged Madoff swindle.]
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