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Groupe Caisse D'Épargne
Groupe Caisse d'épargne was a French cooperative banking group, with around, 4700 branches in the country. Its origins go back to the founding in 1818 of the , France's first savings bank. The group was active in retail and private banking, 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. History The first French savings bank (french: Caisse d'Épargne) was created in Paris in 1818 by a group of financiers, social reformers and philanthropists that included Benjamin Delessert, Jean-Conrad Hottinguer, Joseph Marie de Gérando, Jacques Laffitte, the Duke of La Rochefoucauld-Liancourt, James Mayer de Rothschild, and Vital Roux. The Caisses d'Épargne were not banks, since they were not allowed to lend. The deposits they collected were invested in government bonds, from 1895 via centralized management by the Caisse des Dépôts et Consignations, a financial arm of the Fre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Co-operative
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity. ''.'' Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * businesses owned and managed by the people who consume th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jules Paul Benjamin Delessert
Jules Paul Benjamin Delessert (14 February 1773 – 1 March 1847) was a French banker and naturalist. He was an honorary member of the Académie des Sciences and many species were named from his natural history collections. Biography He was born at Lyon, the son of Étienne Delessert (1735–1816), the founder of the first fire insurance company and the first discount bank in France. Their ancestors had moved from Switzerland after 1685. Young Delessert was travelling in England when the French Revolution broke out, but he hastened back to join the Paris National Guard in 1790, becoming an officer of artillery in 1793. His father bought him out of the army, however, in 1795 in order to entrust him with the management of his bank. Gifted with remarkable energy, he started many commercial enterprises, founding the first cotton factory at Passy in 1801, and a sugar factory in 1802 where Jean-Baptiste Quéruel developed the industrial manufacture of sugar from sugar beet, and for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Savings Bank
A mutual savings bank is a financial institution chartered by a central or regional government, without capital stock, owned by its members who subscribe to a common fund. From this fund, claims, loans, etc., are paid. Profits after deductions are shared among the members. The institution is intended to provide a safe place for individual members to save and to invest those savings in mortgages, loans, stocks, bonds and other securities and to share in any profits or losses that result. History The institution most frequently identified as the first modern savings bank was the " Savings and Friendly Society" organized in 1810 by Rev. Henry Duncan of the Ruthwell Presbyterian Church in Dumfriesshire, Scotland. Duncan established a friendly society to create a cooperative depository institution in order to enable his poorest parishioners to hold savings accounts accruing interest for sickness and old-age. Another precursor of modern savings banks were the ideas of Friedrich Wilhe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BPCE
Groupe BPCE (for Banque Populaire Caisse d'Epargne) is a major French banking group formed by the 2009 merger of two major retail banking groups, Groupe Caisse d'Épargne and Groupe Banque Populaire. As of 2021, it was France's fourth largest bank, the seventh largest in Europe, and the nineteenth in the world by total assets. It has more than 8,200 branches nationwide under their respective brand names serving nearly 150 million customers. It is Europe's largest bank by revenue, ahead of BNP Paribas and HSBC. It is considered a global systemically important bank (G-SIB) by the Financial Stability Board. Background Caisses d'Épargne, Eulia and Ixis Groupe Caisse d'Épargne ("Savings Bank Group") was born in 1818 with the foundation of the Paris savings bank, . It long grew from the bottom up as an expanding set of local savings banks, until a 1983 legislation created a central financial entity or "national center", the (CENCEP). In 1992, CENCEP was replaced by the (CNCE), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deposit Account
A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. Transactions on deposit accounts are recorded in a bank's books, and the resulting balance is recorded as a liability of the bank and represents an amount owed by the bank to the customer. In other words, the banker-customer (depositor) relationship is one of debtor-creditor. Some banks charge fees for transactions on a customer's account. Additionally, some banks pay customers interest on their account balances. Types of accounts * How banking works In banking, the verbs "deposit" and "withdraw" mean a customer paying money into, and taking money out of, an account, respectively. From a legal and financial accounting standpoint, the noun "deposit" is used by the banking industry in financial statements to describe the liability owed b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mergers And Acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caisse Des Dépôts Et Consignations
The Caisse des dépôts et consignations (CDC; ) is a French public sector financial institution created in 1816, and part of the government institutions under the control of the Parliament. Often described as the "investment arm" of the French State, it is defined in the French Monetary and Financial Code as a "public group serving the public interest" and a "long-term investor". Since 2017, Éric Lombard has served as its CEO. Areas of intervention As set out within the French Monetary and Financial Code, the Caisse des dépôts et consignations carries out missions of public interest in support of the public policies implemented by the State and local government bodies. It contributes to the development of enterprises in line with its own proprietorial interests, and may also exercise competitive activities. It ensures, on behalf of the State and local authorities, missions of general interest: *Management of the regulated savings funds (Livret A, LDD, etc.) and financing o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vital Roux
Vital Roux (1766–1846) was a French businessman. He notably is co-founder of ESCP business school. Notes & references 1766 births 1846 deaths Barons of the First French Empire French businesspeople {{France-business-bio-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Mayer De Rothschild
James Mayer de Rothschild, Baron de Rothschild (born Jakob Mayer Rothschild; 15 May 1792 – 15 November 1868) was a German- French banker and the founder of the French branch of the Rothschild family. Early life James de Rothschild was born in Frankfurt-am-Main, then part of the Holy Roman Empire. He was the fifth son and youngest child of Mayer Amschel Rothschild (1744–1812) and Guttle Schnapper (1753–1849). Career In 1812, he moved to Paris to co-ordinate the purchase of specie and bullion for his brother Nathan Mayer Rothschild (1777–1836), and in 1814 and 1815 he was the linchpin in Nathan's plan to furnish Wellington's armies with funds. In 1817 he expanded the family banking empire to the city, opening De Rothschild Frères. By 1823 the Paris House was firmly established as banker to the French government. An adviser of ministers and kings, he became the most powerful banker in the country and following the Napoleonic Wars, played a major role in financing the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
François Alexandre Frédéric, Duc De La Rochefoucauld-Liancourt
François Alexandre Frédéric de La Rochefoucauld-Liancourt (11 January 1747 – 27 March 1827) was a French social reformer. Early life He was born at La Roche Guyon, the son of François Armand de La Rochefoucauld, duc d'Estissac, grand master of the royal wardrobe. One of his cousins was Louis Alexandre de La Rochefoucauld d'Enville. Known as the duc de Liancourt in infancy, he became an officer of carbineers, and married at seventeen. A visit to England seems to have suggested the establishment of a model farm at Liancourt, where he reared cattle imported from England and Switzerland. He also set up spinning machines on his estate, and founded a school, École nationale supérieure d'arts et métiers, for the sons of soldiers, which became in 1788 the ''École des Enfants de la Patrie'' under royal protection. In 2008, this school was renamed Arts et Métiers ParisTech. French Revolution Frédéric de Liancourt was elected to the Estates-General of 1789, where he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
