LCL

LCL , in the past the Crédit Lyonnais , is a founded Banque French with Lyon in 1863 by François Barthélemy Arlès-Dufour and Henri Germain. Regarded as one of the three pillars of French banking industry - with the BNP Paribas and the General society ( the three old women ) - it is now the property of the Agricultural credit.

Creation

1863 (July 6th) - Foundation of the company with Lyon.
1870 - Opening of the first agency out of France: with London.
1876 - 1913 - progressive Construction of the Parisian branch which will become the central seat.
1880 - the Crédit Lyonnais occupy the first rank of the French banks with 23 agencies in Paris and of the branches with London, Geneva, Constantinople and Alexandria.
1882 - official Transfer of the direction of the Crédit Lyonnais from the head office in Lyon towards the central seat in Paris.
1900 - the bank occupies the first world rank by the total of assessment

Nationalization

1946 - Nationalization

Slogans

the capacity to yes say (beginning of the year 1990)
Your bank owes you of the accounts (1994)
We owed you a new bank
Aujourd'hui, which can do without a good bank? (2003)
Ask more your money (2005)

Large difficulties and fire of the Parisian central seat

1993 - Quasi-bankruptcy in particular because of massive investments (of which those done by the means of a subsidiary company to the Netherlands lost in the Subway-Goldwyn-Mayer). A parliamentary report denounces the system of the advances and ready at the risks made to the speculators, in particular in the real field, who anticipated the appreciation under consideration on these real estate transactions. The business of the Crédit Lyonnais emphasized some of the financial causes of the Housing shortage related to the use of public appropriations in this Spéculation. The amount of the losses (130 billion francs) did of it one of the greatest accounting scandals of the history, as well as the business of the Panama Canal. This scandal also touched several subsidiary companies of the Crédit Lyonnais (CLBN, Société of Western bank (SDBO), IBSA, Altus Finance).

May 5th 1996 - Fire of the central seat Parisian, the head office is in Lyon. The Crédit Lyonnais save however its activities of market thanks to a room of market of help lends to function. Doubts about the accidental character of the accident, in particular because of the multiple hearths and of the fire in Le Havre of part of the files of the group.
2005 - the Creation consortium (CDR), heir to the liability of the bank, agrees to pay 525 million dollars at the department of the Insurances of California to put an end to the legal proceedings within the framework of the business Executive Life. This American insurance company, at the edge of the bankruptcy, had been repurchased in the Nineties by MAAF thanks to a financing of the Crédit Lyonnais, but American justice considers that the mutual insurance company was not that a figurehead for the bank, but, at that time, it was interdict for a bank to acquire an American insurance company.

Privatization

1999 - Privatization after recapitalisation. Following this privatization, the State preserves shares of the capital and sets up a " Grouping of shareholders partenaires" (GAP) to ensure during some time the independence of the bank. The largest shareholders will be the Agricultural credit, Axa and Allianz, in particular via AGF
2003 - After a purchase surprised by BNP Paribas of the capital of the group still held by the State, the group Agricultural credit SA tardily decides to take the control of the Crédit Lyonnais, amalgamating the part banks of company (BFI) with Indosuez of the green bank to form Calyon and the management company CLAM (management company the most rewarded for Europe) with CAAM.
August 29th 2005: The Crédit Lyonnais, previously usually shortened in CL change its identities of communication and visual and become LCL with a new logo.

Partnership

LCL is partner of the Tour de France, which the vaiquor of the turn is carrying the shirt initials of the logo of the bank.

Presidents of the Crédit Lyonnais

Henri Germain (1863-1905)
Adrien Mazerat (1905-1907)
Emile Béthenod (1907-1922)
Georges Brincard (1922-1945)
Edouard Escarra (1946)
Louis Escallier (1946-1949)
Edouard Escarra (1949-1955)
Olivier Black-Néret (1955-1961)
Marcel Wiriath (1961-1967)
Bloch-Woolly François (1967-1974)
Jacques Chains (1974-1976), died under the balls of one unbalanced on May 14th, 1976
Claude Pierre-Brossolette (1976-1982)
Jean Deflassieux (1982-1986)
Jean-Maxime Lévêque (1986-1989)
Jean-Yves Haberer (1989-1993)
Jean Peyrelevade (1993-2003)
Jean Laurent (2003-2005)
Georges Pauget (2005-Present)

Managing directors of the Crédit Lyonnais

Jacques Letourneur (1863-1882)
Adrien Mazerat (1882-1905)
Georges Brincard (1905-1922)
Edmond Fabre-Luce (1905-1919)
Eugene Lefebvre (1922-1926)
Edouard Escarra (1926-1949)
Robert Masson (1926-1946)
Olivier Black-Néret (1949-1955)
Marcel Wiriath (1955-1961)
Marcel Cazes (1961-1967)
Maurice Schlogel (1967-1972)
Jean Saint-Geours (1969-1975)
Jacques Rock (1974-1987)
Bernard Thiolon (1985-1992)
François Gille (1992-1994)
Pascal Lamy (1994-1999)
Dominique Ferrero (1999-2003)
Georges Pauget (2003-2005)
Christian Duvillet (2005-Present)

Questions touching with the operation of French capitalism and the State

Through the businesses which shook the bank during the Années 1990, questions arose touching with the operation of the Capitalisme French, in particular of the consanguineous relations between its leading spheres with the official elites supposed to control them, which through the “Pantouflage”, can pass from the public to the private one, with all the risks of inherent conflicts of interest.

These public elites, in particular the Tax inspectorate and the Treasury, were blamed in their role of monitoring, and the permeability which they knew with the private interests, because of their dual situation.

A whole of texts concerning the examination of the risks deontologic at the beginning of the civils servant towards the private sector was stopped, and in particular the decree n°95-168 of the modified February 17th, 1995 envisaging the introduction of charged commissions to examine the personal files of the civils servant of the three public office.

See too

Creation consortium (CDR)
Financial institution
List of banks by country
Finance company
French Banking Federation
SDBO (Company of Occientale Bank)
IBSA (International Bankers SA)

External bonds

the Executive Life business on the site of Humanity.
Public money, fortunes deprived on the site of the diplomatic World.
Commission Reports of deontology of the public office.

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