LCL S.A. is a major
French
French (french: français(e), link=no) may refer to:
* Something of, from, or related to France
** French language, which originated in France, and its various dialects and accents
** French people, a nation and ethnic group identified with Franc ...
banking network that is part of the
Crédit Agricole
Crédit Agricole Group (), sometimes called La banque verte ( en, The green bank) due to its historical ties to farming, is a French international banking group and the world's largest cooperative financial institution. It is France's second lar ...
group, with
registered office in
Lyon and administrative head office in
Paris, France. 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.
Controversy
In 2010 the French government's
Autorité de la concurrence
The (; ) is France's national competition regulator. Its predecessor, the Competition Council, was established in the 1950s. The Competition Authority is an , responsible for preventing anti-competitive practices and monitoring the functionin ...
(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.
See also
*
Crédit Agricole
Crédit Agricole Group (), sometimes called La banque verte ( en, The green bank) due to its historical ties to farming, is a French international banking group and the world's largest cooperative financial institution. It is France's second lar ...
*
Crédit Lyonnais
References
External links
LCL (Le Crédit Lyonnais)
Investment banks
Primary dealers
Companies based in Lyon
Privatized companies of France
Crédit Agricole subsidiaries
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