Groupe Caisse d'Épargne
Former French cooperative banking group / From Wikipedia, the free encyclopedia
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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.
Company type | Semi co-operative[dubious – discuss] |
---|---|
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 |
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.