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PARIS, Dec 20 (Reuters) - French lender Credit Agricole has told staff representatives it will focus on cutting costs at its investment bank without a new layoffs plan, sources said.
Credit Agricole is seen as the weakest of France's listed banks in terms of capital strength and made deep cuts to investment bank staff and costs earlier this year.
Staff representatives say they have met with management twice this week over future strategy.
"There will be no new layoffs plan, the focus is on finding other cost savings over the next three years," a source who attended a meeting on Thursday said.
PARIS, Dec 20 (Reuters) - French lender Credit Agricole has told staff representatives it will focus on cutting costs at its investment bank without a new layoffs plan, sources said.
Credit Agricole is seen as the weakest of France's listed banks in terms of capital strength and made deep cuts to investment bank staff and costs earlier this year.
Staff representatives say they have met with management twice this week over future strategy.
"There will be no new layoffs plan, the focus is on finding other cost savings over the next three years," a source who attended a meeting on Thursday said.
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