Credit Agriclosed
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The bank also says it is pulling out of 21 of the 55 countries where it operates and announced 2,350 job cuts yesterday. On a brighter note though 850 of those losing their jobs will be French, so every cloud eh?
Elsewhere, Germany’s second-largest bank Commerzbank is said to be in talks with the government there for a potential state bailout early in the new year, says today's FT.