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According to the BBC, Credit Agricole plans “a truth transaction accounts” whose final order is expected in February 20. The bank would consider the possibility of moving additional provisions to reduce the amount of goodwill in its accounts.
Goodwill represents the difference between the amount paid to acquire a company and the book value of that asset. In late September, they reached 17.4 billion euros, of which 5.2 related subsidiary LCL, according to the updated document.
The European financial markets supervisor (Esma) has recently found that too few companies had adjusted their balance sheet the fair value of their purchases, such as accounting standards require. Continue reading