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Groupe Caisse d'Épargne
Former French cooperative banking group / From Wikipedia, the free encyclopedia
This article is about the French savings bank network. For the Luxembourgish bank, see Banque et Caisse d'Épargne de l'État. For the former financial arm of the French postal services, see Caisse nationale 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.[1]: 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.
Quick Facts Company type, Industry ...
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Company type | Semi co-operative[dubious – discuss] |
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Industry | Financial services |
Founded | November 1818; 205 years ago (1818-11) |
Defunct | 31 July 2009 |
Fate | Merged with Banque fédérale des banques populaires to became BPCE |
Headquarters | Paris , France |
Key people | François Pérol |
Products | Banking and insurance |
Number of employees | 52,000 |
Subsidiaries | Natixis |
Website | caisse-epargne.fr |
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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.