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Crédit Agricole suffers record third-quarter loss

The sale of the bank's troubled Greek banking arm has dented the firm's performance

French bank Crédit Agricole said on Friday the sale of its troubled Greek banking arm pushed it to a record third-quarter loss.

The Paris-based lender, France's third-largest bank by market value, posted a third-quarter net loss of €2.85bn, well below analyst forecasts of a €1.76bn net loss. The bank had reported a €258m profit in the same quarter a year earlier.

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