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Crédit Mutuel (French pronunciation: [kʁedi mytɥɛl]) is a French cooperative banking group, one of the country's top five banks with over 30 million customers. It traces its origins back to the German cooperative movement inspired by Friedrich Wilhelm Raiffeisen in Alsace–Lorraine under German rule, in the 1880s.
Banque de Luxembourg is a wholly owned subsidiary of Crédit Mutuel via the Crédit Industriel et Commercial (CIC). The CIC is 93%-owned by Banque Fédérative du Crédit Mutuel (BFCM), the holding company of the bancassurance group Crédit Mutuel Centre Est Europe-CIC.
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Cofidis is a French company, now majority owned by Crédit Mutuel, based in Villeneuve-d'Ascq.. Founded in 1982 by 3 Suisses International in cooperation with Cetelem, Cofidis specialized in the consumer credit business of the 3 Suisses Group.
The Société générale de crédit industriel et commercial was founded on 7 May 1859, mainly on the initiative of banker Armand Donon who was supported by the politically influential Duke of Morny, as a competitor to the Pereire brothers's Crédit Mobilier on the model of successful British depository banks such as the London and Westminster Bank.
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So FNB of A opens a USD account at foreign bank Credit Mutuel de B, and instructs all counter-parties to settle transactions in USD at "account no. 123456 in name of FNBA, at CMB, X Branch". FNBA maintains its own records of that account, for reconciliation; this is its nostro account. CMB's record of the same account is the vostro account.
La Française Group is a global asset manager headquartered in Paris.It was created in 1975. In 2016, La Française Group was 168th out in IPE’s annual asset management study of 400 firms. [1]