Crédit du Nord
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Script error: No such module "Lang". (Script error: No such module "IPA".) was a French retail banking network. It consisted of the following banks:
- Script error: No such module "Lang"., Toulouse, Aquitaine (oldest existing bank in France, founded in 1760)
- Script error: No such module "Lang"., Alsace, Lorraine
- Script error: No such module "Lang"., Savoy
- Script error: No such module "Lang"., Massif Central
- Script error: No such module "Lang"., Lyon
- Script error: No such module "Lang"., Limoges
- Script error: No such module "Lang"., Marseille
- Script error: No such module "Lang". itself in the rest of France
- Script error: No such module "Lang"., a stock brokerage firm
Script error: No such module "Lang". is fully owned by Société Générale. Script error: No such module "Lang". specialises on professionals and small business. It serves about 1.5 million customers in more than 700 stores (2006).
History
Script error: No such module "Lang". started in Lille in 1848. After buying a number of small banks, it was, in turn, acquired by Paribas between 1972 (35% owned) and 1988 (100% owned) but remained run as a separate network. In the following years several regional French banks were brought in the group while retaining their names.
In 1984, it was the fifth-ranking French banking group.[1] It rebranded itself, after working with Creative Business (a public relations company), with a new logo, graphics of its name, the architecture of its branches, and public relations.[1] It changed its logo from an orange cube to a blue star.[1]
In 1997, the whole Script error: No such module "Lang". network with the associated banks was acquired by Script error: No such module "Lang". from Paribas. Since 2000, Script error: No such module "Lang". is 80% owned by Société Générale and 20% by Dexia.Script error: No such module "Unsubst".
A full merger with Société Générale was achieved 2023.Script error: No such module "Unsubst".
The customer-facing SG Crédit du Nord (SG meaning Société Générale) brand[2] is applied to both the former Crédit du Nord, and the Société Générale branches in the North of France.[3]
As with SG Crédit du Nord, the remaining Crédit du Nord banks' identities are also applied as regional brand names:
- SG Tarneaud in Centre-Val de Loire and in parts of Nouvelle-Aquitaine (the remaining of the branches in Nouvelle-Aquitaine are named SG Sud-Ouest)
- SG Courtois in Occitanie
- SG SMC (for Script error: No such module "Lang".) in Provence-Alpes-Côte d'Azur
- SG Laydernier in parts of Auvergne-Rhône-Alpes (the remaining of the branches in Auvergne-Rhône-Alpes are named SG Auvergne-Rhône-Alpes)
Controversy
In 2010, the French government's Script error: No such module "Lang". (the department in charge of regulating competition) fined eleven banks, including Script error: No such module "Lang"., the sum of €384,900,000 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.[4][5]
References
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- ↑ Collusion in the banking sector, Press Release of Autorité de la concurrence, République Française, 20 September 2010, retrv 2010 9 20
- ↑ 3rd UPDATE: French Watchdog Fines 11 Banks For Fee CartelScript error: No such module "Unsubst"., Elena Bertson, Dow Jones News Wires / Wall Street Journal online, retr 2010 9 20
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External links
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