This page will contain images about credit lyonnais, as they become available.

Crédit Lyonnais

Crédit Lyonnais is a French bank. It was, at one point, the largest French bank, and it was state-owned. It has been the subject of various financial scandals, which almost led to its bankruptcy in 1993.

History

Founded in 1863 in Lyon by Henri Germain, Crédit Lyonnais was nationalised in 1945.

During the 1990s, the bank was the subject of numerous financial scandals, contributing to a huge debt of around 150 billion French francs (nearly 23 billion Euros). This was caused by directors exaggerating investments and by problems with the bank's subsidiary companies. The bank's motto of the time was "Le pouvoir de dire oui", or "the ability to say 'yes'", and saying 'yes' was indeed something which the bank did rather too often.

Crédit Lyonnais notably owned the MGM movie studio for a few years, during which time Giancarlo Parretti was the chief of the studio.

Much of Crédit Lyonnais' Paris headquarters was destroyed in a major fire on May 5, 1996. The fire began in the main trading room of the bank and was one of the worst fires to damage a Paris building in 25 years. The fire burned for over 12 hours and two-thirds of the building was destroyed, along with crucial bank archives and computer data.

The bank's finances were saved from disaster by moving its debts and liabilities into a new state-owned company, Consortium de Réalisation (CDR). The CDR notably agreed to pay £525 million US to California's Department of Insurance in order head off a lawsuit concerning the Executive Life insurance scandal. The CDR is a highly controversial creation, as many do not believe that the French government should have bailed out the bank.

In 2001, Denis Robert and Ernest Backes book, Revelation, showed that Crédit Lyonnais was one of the many banks to detain unpublished accounts in Clearstream, a Luxembourg-based transaction clearing company, which has been accused by the authors of being a huge international money-laundering machine.

In 2003, the bank was bought by Crédit Agricole and its investment banking business was spun off to an existing subsidiary of Crédit Agricole, Crédit Agricole Indosuez, which was renamed Calyon. Crédit Lyonnais continues to exist as a nationwide retail consumer bank.

In 2005, Crédit Lyonnais became LCL (for Le Crédit Lyonnais), probably in order to remove obvious references to its troubled recent history. At the same time, the CDR had to pay back 135 millions Euros to Bernard Tapie (or rather to his creditors), the controversial former billionaire, after a scandal concerning the sale of Adidas.

In the United States, Crédit Lyonnais is now known as Calyon, whereas in France, Crédit Agricole and Crédit Lyonnais maintain their separate entitites somewhat.

Calyon Investment Bank maintains five offices in the U.S. they are New York, Chicago, Dallas, Los Angeles, and Houston. Calyon Houston specializes in providing key financing for the Energy sector.

The bank may be most known for its sponsorip of the Tour de France as many will remember the corporate brand on the sides of the maillot jaune (yellow jersey) that Lance Armstrong and many other phenomenal cyclists have earned over the years.


This page about credit lyonnais includes information from a Wikipedia article.
Additional articles about credit lyonnais
News stories about credit lyonnais
External links for credit lyonnais
Videos for credit lyonnais
Wikis about credit lyonnais
Discussion Groups about credit lyonnais
Blogs about credit lyonnais
Images of credit lyonnais

The bank may be most known for its sponsorip of the Tour de France as many will remember the corporate brand on the sides of the maillot jaune (yellow jersey) that Lance Armstrong and many other phenomenal cyclists have earned over the years. Chip can also refer to:. Calyon Houston specializes in providing key financing for the Energy sector. In technology:. they are New York, Chicago, Dallas, Los Angeles, and Houston. In food:. Calyon Investment Bank maintains five offices in the U.S. Chip may mean:.

In the United States, Crédit Lyonnais is now known as Calyon, whereas in France, Crédit Agricole and Crédit Lyonnais maintain their separate entitites somewhat. One of two chipmunks, Chip 'n Dale, from The Walt Disney Company animation. At the same time, the CDR had to pay back 135 millions Euros to Bernard Tapie (or rather to his creditors), the controversial former billionaire, after a scandal concerning the sale of Adidas. A type of golf shot, see types of shots in golf. In 2005, Crédit Lyonnais became LCL (for Le Crédit Lyonnais), probably in order to remove obvious references to its troubled recent history. CHiPs, a television show starring Erik Estrada and Larry Wilcox. Crédit Lyonnais continues to exist as a nationwide retail consumer bank. Casino token, a token of currency in gambling.

In 2003, the bank was bought by Crédit Agricole and its investment banking business was spun off to an existing subsidiary of Crédit Agricole, Crédit Agricole Indosuez, which was renamed Calyon. Poker chip, a token of currency in gambling. In 2001, Denis Robert and Ernest Backes book, Revelation, showed that Crédit Lyonnais was one of the many banks to detain unpublished accounts in Clearstream, a Luxembourg-based transaction clearing company, which has been accused by the authors of being a huge international money-laundering machine. SCHIP, the State Children's Health Insurance Program in the U.S. The CDR is a highly controversial creation, as many do not believe that the French government should have bailed out the bank. Chromatin immunoprecipitation, used to determine whether a given protein binds to a specific DNA sequence in vivo. The CDR notably agreed to pay £525 million US to California's Department of Insurance in order head off a lawsuit concerning the Executive Life insurance scandal. CHIP (magazine), a German computer magazine.

The bank's finances were saved from disaster by moving its debts and liabilities into a new state-owned company, Consortium de Réalisation (CDR). A splinter or a shard. The fire burned for over 12 hours and two-thirds of the building was destroyed, along with crucial bank archives and computer data. CHIP-8, a programming language used for video game programming in the 1970s. The fire began in the main trading room of the bank and was one of the worst fires to damage a Paris building in 25 years. Chip_programming_language, based on Prolog. Much of Crédit Lyonnais' Paris headquarters was destroyed in a major fire on May 5, 1996. Integrated circuit.

Crédit Lyonnais notably owned the MGM movie studio for a few years, during which time Giancarlo Parretti was the chief of the studio. Microprocessor. The bank's motto of the time was "Le pouvoir de dire oui", or "the ability to say 'yes'", and saying 'yes' was indeed something which the bank did rather too often. Corn chips. This was caused by directors exaggerating investments and by problems with the bank's subsidiary companies. Tortilla chips. During the 1990s, the bank was the subject of numerous financial scandals, contributing to a huge debt of around 150 billion French francs (nearly 23 billion Euros). French fries.

Founded in 1863 in Lyon by Henri Germain, Crédit Lyonnais was nationalised in 1945. Potato chips. It has been the subject of various financial scandals, which almost led to its bankruptcy in 1993. It was, at one point, the largest French bank, and it was state-owned. Crédit Lyonnais is a French bank.