Groupe BPCE is the second-largest banking group in France. Groupe BPCE provides a comprehensive range of banking, financial and real estate services to all types of customers. With its two historical Banque Populaire and Caisse d'Epargne brands and its specialized subsidiaries, each expert in its particular business area, it pursues, on the one hand, a full range of commercial banking and insurance activities and provides, on the other hand, financial solutions through its corporate & investment banking division. Total assets: EUR 1.138 trillion (as of December 31, 2011). Net income: EUR 3.6 billion (2010), EUR 2.647 billion (2011).
Its innovative full-service banking model is based on a three-tier structure: the two cooperative banking networks with the 20 Banque Populaire banks and the 17 Caisses d’Epargne, the central institution with BPCE, and a number of subsidiaries that include Natixis, a publicly listed entity that encompasses corporate & investment banking activities, investment solutions and financial services, Crédit Foncier, Banque Palatine, the banks belonging to the BPCE International et Outre-mer network, etc.
Groupe BPCE was formed through the merger of Caisse d'Epargne (CNCE) and Banque Populaire in 2009.
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Financial News
Rating agency Moody's downgrades 16 Spanish banks - 18.05.2012 Rating agency Moody's downgraded 16 Spanish banks on Thursday, the latest sign of distress in Europe. Among those downgraded were giants Banco Santander and BBVA, the country's two largest banks. Source: CNNMoney
Middle East's Leading Banking Technology & Innovation Summit to be held in Dubai - 07.05.2012 Following on from the success of the 2011 Middle East Banking Technology & Innovation Summit, Expotrade announces that this year’s event will once again take place in Dubai on the 1-2 October 2012. This year’s conference will focus on strengthening the Middle Eastern banking and financial industry’s position within the global market. Source: Expotrade
More than 2.5 billion people around the world don’t have a bank account - 23.04.2012 Three quarters of the world’s poor don’t have a bank account, not only because of poverty, but the cost, travel distance and amount of paper work involved in opening an account, according to new data released by the World Bank. Source: World Bank
No breakthrough in Swiss-US tax dispute despite talks - 22.04.2012 Talks between senior U.S. and Swiss officials about a dispute over unpaid taxes on accounts held in Swiss banks led to no breakthroughs, Swiss President Eveline Widmer-Schlumpf said on Saturday. Source: Reuters
Western Union to launch innovative payments platform WU Pay - 22.03.2012 The Western Union Company, a leader in global payment services, today announced that it will launch WU Pay, a new and innovative electronic payments platform that will significantly improve the customer experience and safety for millions of people seeking to make online payments or transfer money. Source: Western Union
U.S. Banks Complete Stress Tests - 14.03.2012 The majority of the largest banks will continue to have enough capital to satisfy regulators, even if they suffer a financial shock that includes unemployment hitting 13 percent and a 21 percent drop in housing prices, the Federal Reserve said on Tuesday. Source: Reuters