# LCL S.A.

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{{Short description|French financial services company}}
{{Infobox company 
|name   = LCL S.A. 
|logo   = File:LCL S.A. logo.png
|type   = [Subsidiary](/source/Subsidiary) 
|foundation     = 2005
|predecessor = [Crédit Lyonnais](/source/Cr%C3%A9dit_Lyonnais)
|location       = 
|num_employees  = 20,900 (2013)<ref name="lcl_metiers"/>
|industry       = [Financial services](/source/Financial_services)
|products       = [Retail](/source/Retail_banking), corporate and [investment banking](/source/investment_banking); [asset management](/source/Investment_management) 
|revenue        = [€](/source/Euro)3.43 billion (2018)
|net_income     = {{profit}} €584 million (2018)
|assets         = 
|parent         = [Crédit Agricole](/source/Cr%C3%A9dit_Agricole)
|homepage       = [https://www.lcl.com www.lcl.com] 
}}

'''LCL S.A.''' is a major [French](/source/France) banking network that is part of the [Crédit Agricole](/source/Cr%C3%A9dit_Agricole) group, with [registered office](/source/registered_office) in [Lyon](/source/Lyon) and administrative head office in [Paris](/source/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](/source/Cr%C3%A9dit_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](/source/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](/source/General_classification_in_the_Tour_de_France), worn by the race leader of the [Tour de France](/source/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](/source/Autorit%C3%A9_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](/source/French_check_processing_fee_controversy_of_2010), 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](/source/Autorit%C3%A9_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](/source/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](/source/Cr%C3%A9dit_Agricole)
* [Crédit Lyonnais](/source/Cr%C3%A9dit_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)]

{{Authority control}}

{{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

{{France-bank-stub}}

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Adapted from the Wikipedia article [LCL S.A.](https://en.wikipedia.org/wiki/LCL_S.A.) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/LCL_S.A.?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.