LCL (Le Crédit Lyonnais)
Encyclopedia
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. 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).
, especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer.
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
financial services company, with its registered office
Registered office
Registered office is a term used to describe the address which is registered with the government registrar as the official address of a company, an association or any other legal entity. Generally it will form part of the public record...
in Lyon
Lyon
Lyon , is a city in east-central France in the Rhône-Alpes region, situated between Paris and Marseille. Lyon is located at from Paris, from Marseille, from Geneva, from Turin, and from Barcelona. The residents of the city are called Lyonnais....
, France and its administrative head office in Paris
Paris
Paris is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...
, France. LCL is an abbreviation which means Le Crédit Lyonnais, the former name of the bank. Since 2003, LCL is owned by Crédit Agricole
Crédit Agricole
Crédit Agricole S.A. is the largest retail banking group in France, second largest in Europe and the eighth largest in the world by Tier 1 capital according to The Banker magazine. It is also part of the CAC 40 stock market index....
but still operates as a separate entity in all of France.
It serves about 6 million customers in 2000 branches in France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
(2005).
Controversy
In 2010 the French government's Autorité de la concurrence (the department in charge of regulating competition) fined eleven French banks, including , the sum of 384,900,000 Euros for colluding to charge unjustified fees on check processingFrench check processing fee controversy of 2010
In 2010 the French government's Autorité de la concurrence fined eleven banks €384,900,000 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...
, especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer.