Credit Lyonnais Boosts Capital Base of Unit

NEW YORK - Credit Lyonnais said it has increased the capital base of its U.S. securities unit, Credit Lyonnais Securities Inc. by $200 million.

The increase, according to the company, raises the capital base of its broker-dealer unit to almost $250 million, comparable to the U.S. securities units of other major foreign commercial banks.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER