Groupe Caisse d'Épargne

Groupe Caisse d'épargne (lit.'Savings Bank Group') was a group of French savings banks that were converted into cooperative banks by legislation enacted in 1999.:175 Its roots went back to the founding in 1818 of the Caisse d'Épargne et de Prévoyance de Paris, initiated by Benjamin Delessert and the Duke of La Rochefoucauld-Liancourt.

Groupe Caisse d'épargne
Company typeSemi co-operative
IndustryFinancial services
FoundedNovember 1818 (1818-11)
Defunct31 July 2009
FateMerged with Banque fédérale des banques populaires to became BPCE
Headquarters
Paris
,
France
Key people
François Pérol
ProductsBanking and insurance
Number of employees
52,000
SubsidiariesNatixis
Websitecaisse-epargne.fr

The group was active in retail and private banking, with around 4700 branches in the country, as well as holding a significant stake in the publicly traded investment bank Natixis. In 2009, it merged with Groupe Banque Populaire to form Groupe BPCE. A retail banking network under BPCE still uses the Caisse d'Épargne brand name.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.