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Crédit du Nord is fully owned by Société Générale. Crédit du Nord specialises on professionals and small business. It serves about 1.5 million customers in more than 700 stores (2006).
Crédit du Nord 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 Crédit du Nord network with the associated banks was acquired by Société Générale from Paribas. Since 2000, Crédit du Nord is 80% owned by Société Générale and 20% by Dexia.
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 Laydernier in parts of Auvergne-Rhône-Alpes (the remaining of the branches in Auvergne-Rhône-Alpes are named SG Auvergne-Rhône-Alpes)
Controversyedit
In 2010, the French government's Autorité de la concurrence (the department in charge of regulating competition) fined eleven banks, including Crédit du Nord, 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]
Referencesedit
^ abcChevalier, Michel (2012). Luxury Brand Management. Singapore: John Wiley & Sons. ISBN978-1-118-17176-9.
^"Société Générale - Crédit du Nord : une inédite prime de fusion promise aux salariés". L'Agefi (in French). 2022-11-18. Retrieved 2023-06-04.
^"SG en régions". Société Générale (in French). Retrieved 2023-06-04.
^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[permanent dead link], Elena Bertson, Dow Jones News Wires / Wall Street Journal online, retr 2010 9 20
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You can help expand this article with text translated from the corresponding article in French June 2023 Click show for important translation instructions View a machine translated version of the French article Machine translation like DeepL or Google Translate is a useful starting point for translations but translators must revise errors as necessary and confirm that the translation is accurate rather than simply copy pasting machine translated text into the English Wikipedia Consider adding a topic to this template there are already 6 061 articles in the main category and specifying topic will aid in categorization Do not translate text that appears unreliable or low quality If possible verify the text with references provided in the foreign language article You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation A model attribution edit summary is Content in this edit is translated from the existing French Wikipedia article at fr Credit du Nord see its history for attribution You should also add the template Translated fr Credit du Nord to the talk page For more guidance see Wikipedia Translation Credit du Nord was a French retail banking network It consisted of the following banks Banque Courtois Toulouse Aquitaine oldest existing bank in France founded in 1760 Banque Kolb Alsace Lorraine Banque Laydernier Savoy Banque Nuger Massif Central Banque Rhone Alpes Lyon Banque Tarneaud Limoges Societe Marseillaise de Credit Marseille Credit du Nord itself in the rest of France Gilbert Dupont a stock brokerage firmCredit du NordCompany typeSociete AnonymeIndustryBankingPredecessorBanque Generale du NordBanque de l Union Parisienne Founded1848 176 years ago 1848 DefunctJanuary 1 2023 2023 01 01 FateMerged with Societe GeneraleSuccessorSociete GeneraleParentSociete Generale SocieteWebsitewww wbr credit du nord wbr fr Credit du Nord is fully owned by Societe Generale Credit du Nord specialises on professionals and small business It serves about 1 5 million customers in more than 700 stores 2006 Contents 1 History 2 Controversy 3 References 4 External linksHistory editCredit du Nord 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 Credit du Nord network with the associated banks was acquired by Societe Generale from Paribas Since 2000 Credit du Nord is 80 owned by Societe Generale and 20 by Dexia A full merger with Societe Generale was achieved 2023 The customer facing SG Credit du Nord SG meaning Societe Generale brand 2 is applied to both the former Credit du Nord and the Societe Generale branches in the North of France 3 As with SG Credit du Nord the remaining Credit 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 Societe Marseillaise de Credit in Provence Alpes Cote d Azur SG Laydernier in parts of Auvergne Rhone Alpes the remaining of the branches in Auvergne Rhone Alpes are named SG Auvergne Rhone Alpes Controversy editIn 2010 the French government s Autorite de la concurrence the department in charge of regulating competition fined eleven banks including Credit du Nord 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 edit a b c Chevalier Michel 2012 Luxury Brand Management Singapore John Wiley amp Sons ISBN 978 1 118 17176 9 Societe Generale Credit du Nord une inedite prime de fusion promise aux salaries L Agefi in French 2022 11 18 Retrieved 2023 06 04 SG en regions Societe Generale in French Retrieved 2023 06 04 Collusion in the banking sector Press Release of Autorite de la concurrence Republique Francaise 20 September 2010 retrv 2010 9 20 3rd UPDATE French Watchdog Fines 11 Banks For Fee Cartel permanent dead link Elena Bertson Dow Jones News Wires Wall Street Journal online retr 2010 9 20External links edit nbsp Banks portalCredit du Nord bank profile nbsp This French bank or insurance related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Credit du Nord amp oldid 1159549526, wikipedia, wiki, book, books, library,
