Credit Agricole’s Emporiki in focus

French bank Credit Agricole is considering walking away from its troubled Greek Emporiki Bank unit and letting it fail, according to the Wall Street Journal. Another option under consideration is for Credit Agricole to merge Emporiki into a larger conglomerate of Greek banks in which the French lender's stake would be diluted to about 10 per cent, the paper said. Credit Agricole declined to comment.