Credit Lyonnais, the French banking giant, has formed an American subsidiary to provide asset-based financing to middlemarket companies nationwide.

Based in Stamford, Conn., Lyon Credit Corp. is headed by John M. Bowes, former president of Chrysler Capital Corp., which had $7 billion of assets before closing in 1992.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.