Crédit Mutuel
 | |
 Headquarters in Strasbourg, France | |
Type | Société Anonyme |
|---|---|
| Industry | Financial services |
| Founded | 1645 (1645) |
| Headquarters | Strasbourg , France |
Area served | Worldwide |
| Products | Banking, Corporate banking, Private banking and insurance |
| Revenue | €1,465 million (2016) |
Operating income | €4,546 million (2016) |
Net income | €11,977 million (2016) |
Number of employees | 99,012 |
| Website | creditmutuel.com |
Crédit Mutuel is a major French bank, with headquarters in Strasbourg, Alsace. Its slogan is "La banque à qui parler" (The bank to speak to). It is currently run by Daniel Baal and has 7.4 million customers – roughly half of whom live in the Grand-Est, i.e. Alsace, Lorraine, Franche-Comté and Burgundy. It is a member of the International Raiffeisen Union (IRU), which is an association of cooperatives based on the ideas of Friedrich Wilhelm Raiffeisen.[1]
Contents
1 Controversy
2 See also
3 References
4 External links
Controversy
In 2010 the French government's Autorité de la concurrence (the department in charge of regulating competition) fined eleven banks, including Crédit Mutuel, 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.[2][3]
See also
- List of investors in Bernard L. Madoff Securities
References
^ http://www.iru.de/index.php/mitglieder/e-k?lang=en
^ 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 Cartel , Elena Bertson, Dow Jones News Wires / Wall Street Journal online, retr 2010 9 20
External links
- Credit Mutuel bank profile
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