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The French bank picks Setl for its first equity investment in a fintech company

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French bank Crédit Agricole has made its first equity investment in a fintech company by backing the London-based blockchain startup founded by the former Chi-X boss Peter Randall.

Crédit Agricole's corporate and investment bank said in a statement today that it had taken part in a private fundraising by Setl, which was founded in July 2015. No financial details were provided.

Crédit Agricole takes stake in London blockchain startup

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

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The buyback program delivers on UBS’s plans to hand money back to shareholders after the Swiss government proposed tougher capital rules for the bank earlier this month.

The firm had big ambitions for three resorts with views of the Aegean Sea. It recently sold the properties, barely breaking even.

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