Crédit Lyonnais, Le (LCL), formerly (1863–2005) Crédit Lyonnais, major French commercial bank noted for providing financial services throughout the world and for aggressive acquisitions in the late 20th century. The bank is headquartered in Paris.
What type of bank is Credit Agricole?
Crédit Agricole Group's Corporate & Investment Banking arm Crédit Agricole Group is a benchmark player in local banking, serving 52 million customers across 49 countries. Founded in 1885, it now has a presence in all segments of the banking, finance and insurance sectors and is one of Europe's foremost banks.
What happened to Credit Lyonnais?
Crédit Lyonnais was fully privatized in 1999. In 2003 BNP Paribas built a position in the capital of the bank. However, in 2003, Crédit Agricole bought it and reorganised its operations: The investment banking business merged with Crédit Agricole Indosuez; the new entity took the name Calyon.
Is LCL Credit Lyonnais?
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. It serves about 6 million customers in 2000 branches in France (2005).