LCL S.A.
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.[2] 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.
| Subsidiary | |
| Industry | Financial services |
| Predecessor | Crédit Lyonnais |
| Founded | July 6, 1863 |
| Headquarters | Lyon, France |
Key people | Henri Germain |
| Products | Retail, corporate and investment banking; asset management |
| Revenue | €3.43 billion (2018) |
 | |
Number of employees | 20,900 (2013)[1] |
| Parent | Crédit Agricole |
| Website | www.lcl.com |
It serves about 6 million customers in 2000 branches in France (2005).
History
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.[3] [4]
See also
References
- "LCL recrute: Nos métiers" (in French).
- "Mentions légales". lcl.com.
- "Collusion in the banking sector". Press Release of the Autorité de la concurrence. 2010-09-20.
- Elena Bertson (2010-09-20). "3rd UPDATE: French Watchdog Fines 11 Banks For Fee Cartel". The Wall Street Journal. Archived from the original on 2010-11-01.
