Crédit Agricole Indosuez (CAI) was created in 1996 with the purchase of
Banque Indosuez by Crédit Agricole.
Calyon was created in May 2004 by the transfer to CAI of assets from
Crédit Lyonnais's Corporate and Investment Banking division. The division was rebranded Crédit Agricole Corporate & Investment Bank (CACIB) in February 2010. In September 2022, Xavier Musca has been appointed CEO of Crédit Agricole CIB, in replacement of Jacques Ripoll In May 2025, Jean-François Balaÿ has been appointed CEO of Crédit Agricole CIB, in replacement of Xavier Musca. In September 2025, Crédit Agricole Corporate and Investment Bank entered advanced discussions to settle a
criminal investigation in France concerning its involvement in
cum-cum dividend arbitrage practices (These transactions, widely scrutinized by European regulators, were used by banks and investors to reduce or avoid withholding taxes on dividends). According to reports, French financial prosecutors prepared a proposed settlement, which included a financial penalty, to be reviewed by a Paris judge. Crédit Agricole became the first French bank to conclude its investigation into the "cum-cum" dividend tax fraud by paying €88 million. Despite its limited involvement, the bank fully cooperated and implemented internal safeguards. ==Activities==