CRARY Credit Agricole SA (PK)

--The European Central Bank fined Credit Agricole and several of the French bank's subsidiaries for incorrectly classifying some capital items, Reuters reports Monday.

--According to the report, the ECB said Credit Agricole had been fined 4.3 million euros ($4.9 million), while Credit Agricole Corporate and Investment Bank would be fined EUR300,000 and a EUR200,000 fine would be levied on CA Consumer Finance.

--A spokesperson said Credit Agricole had been notified of the fines by the ECB, and was considering an appeal, the report said.

Full story: https://www.reuters.com/article/us-global-markets/cautious-optimism-for-u-s-china-trade-talks-lifts-shares-idUSKCN1L500S?il=0

--Write to copydesk@wsj.com

(END) Dow Jones Newswires

August 20, 2018 15:40 ET (19:40 GMT)

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