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The Crédit Lyonnais (French: [kʁedi ljɔnɛ], "Lyon Credit [Company]") was a major French bank, created in 1863 and absorbed by former rival Crédit Agricole in 2003. Its head office was initially in Lyon but moved to Paris in 1882. In the early years of the 20th century, it was the world's largest bank by total assets. [1]
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".
Germain founded Crédit Lyonnais on 6 July 1863. [2] [3] It became the first bank in France to offer savings accounts with interest. [2]The first shareholders were Saint-Simon followers like Paulin Talabot (1799–1885), Barthélemy Prosper Enfantin (1796–1864), Arlès-Dufour, and Michel Chevalier (1806-1879). [2]
After the fire, Credit Lyonnais sold the building to the insurer AIG for 1.3 billion. [2] Since the beginning, the building was open to the public, who could pass through its entire length, including the main branch of the bank, an office for the staff, and the international office. After the fire, the building was divided into two separate spaces.
René-Thierry Magon de la Villehuchet (23 April 1943 – 22 December 2008) was a French aristocrat, money manager, and businessman.He was one of the founders of Access International Advisors (AIA Group), a company caught and subsumed in the Madoff investment scandal in 2008.
LCL S.A., the new name of Crédit Lyonnais, a French bank; League of Legends Continental League; Lee County Library (Georgia) Liberal and Country League, a political party in Australia; Lincoln City Libraries, the public library system of Lincoln, Nebraska; Loblaw Companies Limited, a food retailer in Canada
In May 2008 Credit Agricole identified €5 billion of asset disposals including the bank's 5.6 percent stake in Italian bank Intesa Sanpaolo, which was worth an estimated €3 billion. The group purchased in August 2006 Emporiki Bank for €2.2 billion which it later sold for one euro after suffering €6 billion of losses in the investment. [45]
Credit Suisse: Switzerland Switzerland: 1856 Banque et Caisse d'Épargne de l'État: Luxembourg Luxembourg: 1856 Garanti Bank: Ottoman Empire Turkey: as Ottoman Bank; merged 2001 1856 M&T Bank: United States United States: 1856 Regions Bank: United States United States: as 1st National Bank of Huntsville; merged with two other banks in 1971 1856