Worldline Woes Draw Credit Agricole Staff Queries on Stake (1)

The fraud allegations enveloping French payments firm Worldline SA have prompted questions from employees at Credit Agricole SA, who want to know why executives agreed to closer ties with the payment firm last year, according to people familiar with the matter.

Some employee representatives have written an email to Credit Agricole’s management questioning the firm’s decision to take a 7% stake in Worldline early last year, one of the people said, asking not to be identified discussing the private information. The representatives want to know if the bank carried out appropriate checks at the time.

A representative for Credit ...