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On 18 April 2008, Credit Agricole revealed that it would post $1.2 billion in losses related to subprime mortgage securities. In May 2008 Credit Agricole sought to raise €5.9 billion in equity capital from its shareholders. The shares controversially sold off from €19 to €6 over the successive period as the financial crisis escalated. [44]
Crédit Agricole Indosuez (CAI) was created in 1996 with the purchase of Banque Indosuez by Crédit Agricole. Calyon was created in May 2004 by the transfer to CAI of assets from Crédit Lyonnais's Corporate and Investment Banking division. The division was rebranded Crédit Agricole Corporate & Investment Bank (CACIB) in February 2010.
Crédit Mutuel (French pronunciation: [kʁedi mytɥɛl]) is a French cooperative banking group, one of the country's top five banks with over 30 million customers. It traces its origins back to the German cooperative movement inspired by Friedrich Wilhelm Raiffeisen in Alsace–Lorraine under German rule, in the 1880s.
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 " L e C rédit L yonnais".
The Société générale de crédit industriel et commercial was founded on 7 May 1859, mainly on the initiative of banker Armand Donon who was supported by the politically influential Duke of Morny, as a competitor to the Pereire brothers's Crédit Mobilier on the model of successful British depository banks such as the London and Westminster Bank.
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]
Société Générale is France's third largest bank by total assets after BNP Paribas and Crédit Agricole. [4] It is also the sixth largest bank in Europe and the world's eighteenth. [ 4 ] It is considered to be a systemically important bank by the Financial Stability Board .
Indosuez Wealth Management is the wealth management arm of the Crédit Agricole group and perpetuates the Indosuez brand, even though it covers a much narrower market segment than Banque Indosuez used to. It is headquartered at 17 rue du Docteur Lancereaux in Paris and has offices in several financial centers, including in Geneva.