The total assets under the deal between Credit Agricole and Banco Santander are worth more than 5 trillion euros ($5.7 trillion), including EUR3.34 trillion in assets under custody and EUR1.83 trillion in assets under administration. "Credit Agricole, Santander to Unite in Custody and Asset-Servicing Entity," at 0546 GMT, misstated the value of the assets in the first and third paragraphs. Total assets are more than EUR5 trillion, not EUR5 billion. Assets under custody are EUR3.34 trillion, not EUR3.34 billion and assets under administration are EUR1.83 trillion, not EUR1.83 billion.

 

(END) Dow Jones Newswires

April 17, 2019 04:25 ET (08:25 GMT)

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