LCL S.A.
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| Type | Subsidiary |
|---|---|
| Industry | Financial services |
| Founded | July 6, 1863 |
| Headquarters | Registered office: Lyon, France Head office: Paris, France |
| Key people | Henri Germain |
| Products | Retail, corporate and investment banking; asset management |
| Revenue | €6.57 billion (2008)[1] |
| Profit |  €897 million (2008)[1] |
| Employees | 21,700 (2009)[2] |
| Parent | Crédit Agricole |
| Website | www.lcl.com |
LCL S.A. is a major French financial services company, with its registered office in Lyon, France and its administrative head office in Paris, France.[3] LCL is an abbreviation which means Le Crédit Lyonnais, the former name of the bank. Since 2003, LCL is owned by Crédit Agricole but still operates as a separate entity in all of France.
It serves about 6 million customers in 2000 branches in France (2005).
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[edit] History
See the historic Crédit Lyonnais
[edit] Controversy
In 2010 the French government's Autorité de la concurrence (the department in charge of regulating competition) fined eleven French banks, including LCL S.A., the sum of 384,900,000 Euros for colluding to charge unjustified fees on check processing, especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer. [4][5]
[edit] See also
[edit] References
- ^ a b http://www.lcl.com/media/fichier-telecharger/att00001778/LCL-rapport-annuel-2008.pdf
- ^ http://www.lcl.com/fr/lcl-recrute/metiers/organisation-metiers.jsp
- ^ "Mentions légales." LCL S.A. Retrieved on 28 September 2010. "Siège social : 18, rue de la République 69 000 Lyon
Siège administratif : 19 boulevard des Italiens 75002 Paris." - ^ Collusion in the banking sector, Press Release of Autorité de la concurrence, République Française, 20 September 2010, retrv 2010 9 20
- ^ 3rd UPDATE: French Watchdog Fines 11 Banks For Fee Cartel , Elena Bertson, Dow Jones News Wires / Wall Street Journal online, retr 2010 9 20
[edit] External links
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