Credit Lyonnais
From Wikicompany
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Crédit Lyonnais
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Contacts |
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| Web: | http://www.creditlyonnais.com |
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| Phone: | +33 (0)1 42 95 70 00 |
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| Address: | 19 bd des Italiens, 75002 Paris, France |
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| Presences: | wikicompany |
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Relations |
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| Parents: | Credit Agricole |
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| Web: | wikicompany, google, yahoo |
| News: | google, yahoo, y-finance, newsisfree, indymedia |
| Blogs: | feedster, technorati |
| Articles: | google, findarticles, del.icio.us, connotea |
| Photos: | google, yahoo, yotophoto, wikimedia, flickr |
| Audio: | feedster, potkast, podscope, podzinger, yahoo, altavista |
| Video: | google, yahoo, truveo, youtube, blinkx |
| Jobs: | wikicompany, monster, indeed, |
| Products: | froogle, google-base, yahoo, become, amazon, ebay |
Crédit Lyonnais, an subsidiary of Credit Agricole, is a French bank.
The company used to be the largest French bank.
History
During the 1990s it has been the subject of financial scandals, and created a huge debt of about 150 billion French francs by exaggerate investing, but mostly through subsidiaries. Their motto of the time, Le pouvoir de dire oui, literally the ability to say 'yes which more or less meant we can lend you money so that you can say 'yes' to your desires has been put to the extreme.
Crédit Lyonnais notably owned the MGM movie studio for a few years. Giancarlo Parretti was the chief of the studio at the time.
The finances have been sanitized by moving the debt into a new state-owned organism, Consortium de Réalisation (CDR).
In 2003, the bank was bought by Credit Agricole.
In 2004, the investment banking business of the bank was spun off to an existing subsidiary of Crédit Agricole, Crédit Agricole Indosuez, which was renamed Calyon. Crédit Lyonnais continues to exist as a retail consumer bank.
