{{Short description|French financial services company}} {{Infobox company |name = LCL S.A. |logo = File:LCL S.A. logo.png |type = Subsidiary |foundation = 2005 |predecessor = Crédit Lyonnais |location = |num_employees = 20,900 (2013)<ref name="lcl_metiers"/> |industry = Financial services |products = Retail, corporate and investment banking; asset management |revenue = €3.43 billion (2018) |net_income = {{profit}} €584 million (2018) |assets = |parent = Crédit Agricole |homepage = [https://www.lcl.com www.lcl.com] }}
'''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.<ref>{{cite web | url=https://www.lcl.com/fr/outils/mentions-legales.jsp | title=Mentions légales | publisher=lcl.com}}</ref> It was established in 2005 from its predecessor the Crédit Lyonnais, and its name LCL refers to "'''L'''e '''C'''rédit '''L'''yonnais". As of 2005, it served about 6 million customers in 2000 branches in France.
== History == In June 2016, Michel Mathieu took over the direction of LCL, succeeding Yves Nanquette.<ref>{{Cite web |date=August 5, 2015 |title=La Banque verte fait évoluer son organigramme |url=https://www.lesechos.fr/2015/08/la-banque-verte-fait-evoluer-son-organigramme-1107800 |website=lesechos.fr}}</ref>
== Sponsorship == LCL sponsors the yellow jersey, worn by the race leader of the Tour de France cycling race.<ref>{{Cite web |title=LCL and the Tour de France renew their partenership - Tour de France 2023 |url=https://www.letour.fr/en/news/2018/lcl-and-the-tour-de-france-renew-their-partenership |access-date=2023-10-16 |website=www.letour.fr |language=en}}</ref> It awards a plush 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.<ref>{{Cite web |title=LCL rides in yellow through 2028 - Tour de France 2023 |url=https://www.letour.fr/en/news/2023/lcl-rides-in-yellow-through-2028/1316763 |access-date=2023-10-24 |website=www.letour.fr |language=en}}</ref>
== 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.<ref>{{cite web | url=https://www.autoritedelaconcurrence.fr/fr/liste-des-decisions-et-avis?id_rub=368&id_article=1472 | title=Collusion in the banking sector | work=Press Release of the Autorité de la concurrence | date=2010-09-20}}</ref> <ref>{{cite web | url=https://online.wsj.com/article/BT-CO-20100920-709855.html | title=3rd UPDATE: French Watchdog Fines 11 Banks For Fee Cartel | author=Elena Bertson | date=2010-09-20 | work=The Wall Street Journal | archiveurl=https://web.archive.org/web/20101101151206/http://online.wsj.com/article/BT-CO-20100920-709855.html | archivedate=2010-11-01 | url-status=dead}}</ref> == See also == {{Portal|France|Banks}} * Crédit Agricole * Crédit Lyonnais
== References == <references> <ref name="lcl_metiers">{{cite web | url=https://www.lcl.com/fr/lcl-recrute/metiers/organisation-metiers.jsp | title=LCL recrute: Nos métiers | language=French}}</ref> </references>
== External links == * [https://www.lcl.fr LCL (Le Crédit Lyonnais)]
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{{DEFAULTSORT:Lcl S.A.}} Category:Investment banks Category:Primary dealers Category:Companies based in Lyon Category:Privatised companies of France Category:Crédit Agricole subsidiaries Category:French companies established in 2005
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