Groupe Banque Populaire
Groupe Banque Populaire is a French group of cooperative banks. The federal union is controlled by 15 independent regional banks and also operates under the CASDEN and the Crédit Coopératif subsidiaries.
 | |
| Type | Semi co-operative |
|---|---|
| Industry | Banking |
| Founded | 1878 |
| Headquarters | Paris , France |
Key people | Philippe Dupont, CEO |
Number of employees | 34,500 |
| Subsidiaries | Natixis |
| Website | www.banquepopulaire.fr |
In 2006, Groupe Banque Populaire created Natixis with another French cooperative banking group, Groupe Caisse d'Epargne. This new Investment Bank is the result of the spin-off of the two former Investment Banks of both groups : Banque Populaire's Natexis and Caisse d'Epargne's IXIS Corporate and Investment Bank.
Then in 2009, Banque Populaire and Caisse d'Epargne groups decided to fully merge into a single company, BPCE, which became the 2nd largest banking group in France.
As of December 2008, Banque Populaire had:
Merger
In October 2008 the group announced plans, since approved by the French government, to merge with Groupe Caisse d'Epargne.[1] The companies merged in 2009 to form the Groupe BPCE[2] and retain their separate retail banking brands and branch networks. Banque Populaire's chief executive officer Philippe Dupont has been nominated to head the enlarged company.[1]
References
- "French banks to merge in bid to weather storm". Agence France Presse. Google News. 8 October 2008. Archived from the original on 20 May 2011. Retrieved 2008-10-17.
- Jolly, David. Parent of French Bank Agrees to Guarantee Troubled Assets. New York Times. 26 August 2009.
External links
 |
Wikimedia Commons has media related to Banque Populaire. |
