Calyon, the investment banking arm of France's Crédit Agricole, is aiming to double its US revenues to 40% of total sales within two years and is ramping up its equity derivatives and mergers and acquisitions teams to achieve the growth.

Edouard Esparbès, chief executive of Calyon told French newspaper Les Echos that the US, which currently represents 20% of Calyon's revenues, would become the target market for the French bank in 2007.