LCL S.A.
LCL S.A. is a major French banking network that is part of the Crédit Agricole group, with registered office in Lyon and administrative head office in Paris, France.[2] It was established in 2005 from its predecessor the Crédit Lyonnais, and its name LCL refers to "Le Crédit Lyonnais". As of 2005, it served about 6 million customers in 2000 branches in France.
 | |
| Type | Subsidiary |
|---|---|
| Industry | Financial services |
| Predecessor | Crédit Lyonnais |
| Founded | 2005 |
| Products | Retail, corporate and investment banking; asset management |
| Revenue | €3.43 billion (2018) |
 €584 million (2018) | |
Number of employees | 20,900 (2013)[1] |
| Parent | Crédit Agricole |
| Website | www.lcl.com |
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.
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