Crédit Mutuel
 | |
 Headquarters in Strasbourg, France | |
| Company type | Société Anonyme |
|---|---|
| Industry | Financial services |
| Founded | 1645 |
| Headquarters | , |
Area served | Worldwide |
| Products | Banking, Corporate banking, Private banking and insurance |
| Revenue | €1,465 million (2016) |
| €4,546 million (2016) | |
| €11,977 million (2016) | |
Number of employees | 99,012 |
| Website | creditmutuel |
Crédit Mutuel is a major French bank, with headquarters in Strasbourg, Alsace. Its slogan is "La banque à qui parler" (The bank to speak to). It is currently run by Daniel Baal and has 7.4 million customers – roughly half of whom live in the Grand-Est, i.e. Alsace, Lorraine, Franche-Comté and Burgundy. It is a member of the International Raiffeisen Union (IRU), which is an association of cooperatives based on the ideas of Friedrich Wilhelm Raiffeisen.[1]
Controversy
In 2010 the French government's Autorité de la concurrence (the department in charge of regulating competition) fined eleven banks, including Crédit Mutuel, the sum of €384,900,000 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.[2][3]
See also
References
- ^ http://www.iru.de/index.php/mitglieder/e-k?lang=en
- ^ 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
External links
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