Credit lyonnais new york
Credit Lyonnais was a French bank that had a significant presence in New York City. Here are a few key facts about Credit Lyonnais' history in New York:
- Establishment: Credit Lyonnais opened its New York branch in 1881, making it one of the first French banks to establish a presence in the United States.
- Location: The bank's New York branch was located at 1 Broadway, in the heart of Lower Manhattan's financial district.
- Operations: Credit Lyonnais' New York branch provided a range of financial services, including commercial banking, investment banking, and trade finance. The bank was particularly active in the shipping and maritime industries, given its historical ties to the French merchant navy.
- Notable clients: Credit Lyonnais' New York branch served a number of notable clients, including the French government, French companies such as Air France and Renault, and international organizations like the International Chamber of Commerce.
- Merger: In 2005, Credit Lyonnais merged with the French bank Banque Nationale de Paris (BNP) to form BNP Paribas, one of the largest banks in the world. As a result, the Credit Lyonnais brand was phased out, and the bank's New York branch was rebranded as BNP Paribas.
Some notable events and milestones in Credit Lyonnais' history in New York include:
- 1881: Credit Lyonnais opens its New York branch, marking the bank's entry into the US market.
- 1914: Credit Lyonnais plays a key role in financing the construction of the Panama Canal, providing a significant loan to the Panama Canal Company.
- 1920s: Credit Lyonnais becomes a major player in the US shipping industry, providing financing and trade services to American shipping companies.
- 1970s: Credit Lyonnais expands its operations in New York, opening a new headquarters building at 1 Broadway and increasing its staff to over 1,000 employees.
- 2005: Credit Lyonnais merges with BNP to form BNP Paribas, marking the end of the Credit Lyonnais brand in New York.
Overall, Credit Lyonnais played an important role in the development of international finance and trade, particularly in the shipping and maritime industries, during its time in New York.