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.

LCL S.A.
TypeSubsidiary
IndustryFinancial services
PredecessorCrédit Lyonnais
Founded2005
ProductsRetail, corporate and investment banking; asset management
Revenue€3.43 billion (2018)
Increase €584 million (2018)
Number of employees
20,900 (2013)[1]
ParentCrédit Agricole
Websitewww.lcl.com

Sponsorship

LCL sponsors the yellow jersey, worn by the race leader of the Tour de France cycling race.[3] It awards a toy lion - le lion en peluche - to each day's winner as a play on its name. Crédit Lyonnais, the predecessor of LCL, first sponsored the Tour in 1981, and has sponsored the yellow jersey since 1987.[4]

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.[5] [6]

See also

References
  1. "LCL recrute: Nos métiers" (in French).
  2. "Mentions légales". lcl.com.
  3. "LCL and the Tour de France renew their partenership - Tour de France 2023". www.letour.fr. Retrieved 2023-10-16.
  4. "LCL rides in yellow through 2028 - Tour de France 2023". www.letour.fr. Retrieved 2023-10-24.
  5. "Collusion in the banking sector". Press Release of the Autorité de la concurrence. 2010-09-20.
  6. 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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