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BPCE
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. Its wholesale banking subsidiary Natixis, previously a separately listed company, was delisted and came under full ownership of Groupe BPCE in 2021. BPCE has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. It is also designated as a global Systemically important financial institution, systemically important bank (G-SIB) by the Financial Stability Board. History In 2008 and early 2009, the French state pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Novo Banco
Novo Banco, SA, trading as Novobanco (, ), is a major Portuguese financial bank headquartered in Lisbon, Portugal. Following the entry into force of European Banking Supervision in late 2014, Novobanco has been designated as a Significant Institution and is supervised by the European Central Bank. Novobanco was established on 4 August 2014, as a result of a restructuring following the bankruptcy of Banco Espírito Santo (BES) led by the Bank of Portugal to hold the bank's healthy assets. This allowed Novobanco to operate, split off from the BES's toxic assets after historic losses of 3,577 million euros. BES's toxic assets, on the other hand, were transferred to a "bad bank". History In 2017, the American fund Lone Star Funds acquired 75% of the share capital of Novobanco in return for a capital injection of €1bn, with the Portuguese Resolution Fund holding the remaining 25 per cent. As part of this sale, the European Commission, through the Directorate-General for Competitio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Groupe Caisse D'Épargne
Groupe Caisse d'épargne (, ) was a group of French savings banks that were converted into cooperative banks by legislation enacted in 1999. Its roots went back to the founding in 1818 of the , initiated by Benjamin Delessert and the Duke of La Rochefoucauld-Liancourt. 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. History The first French savings bank () 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 François Alexandre Frédéric, duc de La Rochefoucauld-Liancourt, James Mayer de Rothschild, and Vital Roux. Delessert and La Rochefoucaul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ostrum Asset Management
Ostrum Asset Management (previously Natixis Asset Management), is a French asset management company that was founded in 2007. The company is part of French banking group BPCE. Ostrum Asset Management is an affiliate of Natixis Investment Managers (previously Natixis Global Asset Management), majority owned by BPCE. As of June 30th 2024, Ostrum Asset Management held €396 billion ($400 billion) in assets and was employing over 700 people. History Foundation 1985-2006 The company was established in 1985 as one of the first so called solidarity funds under the name ''Nord Sud Développement'', which became ''Natixis Impact Nord Sud Développement'' later on. In 2001 CDC Asset Management becomes CDC IXIS Asset Management. In 2004 CDC IXIS Asset Management becomes IXIS Asset Management, fully owned by IXIS Asset Management Group. In 2006 Natixis was founded as the result of aligning activities by both the Groupe Caisse d’Epargne and Groupe Banque Populaire. Natixis Asset M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
François Pérol
François Pérol (born 6 November 1963) is a French banker and high-ranking official and is the current chairman of Natixis. Education Pérol graduated from HEC Paris in 1985, Sciences Po and the École nationale d'administration. Career In 1994, he was appointed rapporteur then Secretary General of the Interministerial Committee for Industrial Restructuring. Then he was Head of the office of financial markets to the Treasury from 1996 to 1999 and secretary general of the Club de Paris. In 2001, he was promoted as director of finance and business development of the French Treasury. In 2002, he became director of Francis Mer's staff and Nicolas Sarkozy, the Ministry of Economy, Finance and Industry at that time. he was in charge of the rescue of Alcatel, Bull, France Telecom (playing a role in the denial to the latter, against the advice of the Treasury, an increase of capital from the state and the departure of its CEO, Michel Bon) and the recapitalization of Alstom, n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crédit Foncier De France
Crédit Foncier de France (, CFF) was a major French bank, active from 1852 to 2019 when its activities were entirely subsumed into Groupe BPCE, although the brand name appears to remain active. History The Crédit Foncier (English: landed credit) initially made loans to commune in France, communes. The movement was initiated by Louis Wolowski and Count Xavier Branicki, and sanctioned by Emperor Napoleon III of France, Napoleon III in 1852 in an attempt to modernize the medieval French banking system and expand French investment outside Europe. Its name became the "Banque Foncière of Paris". Similar institutions at Nevers and Marseille were amalgamated into one under the title of "Crédit Foncier de France". The amount of the loan could not exceed half of the value of the property pledged or hypothecated, and that the repayment of the loan was by an Annuity (finance theory), annuity, which included the interest and part of the principal, terminable at a certain date. The Crédi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Assicurazioni Generali
Assicurazioni Generali S.p.A. ( , ; meaning 'general insurances') or commonly known as Generali Group is an Italian insurance company based in Trieste. As of 2022, it is the largest insurance company in Italy and ranks among the world's largest insurance companies by net premiums and assets. Generali's major competitors at the international level are Axa, AXA, Allianz and Zurich Insurance Group. The company is listed on the Borsa Italiana and is part of the FTSE MIB, FTSE MIB index of the same stock exchange. History Established on December 26, 1831, as the ''Imperial Regia Privilegiata Compagnia di Assicurazioni Generali Austro-Italiche'' ('Imperial and Royal Privileged Company for General Austrian-Italian Insurances') in Trieste. Its promoter was Giuseppe Lazzaro Morpurgo. The adjective "Generali" (''"general"'') referred to the company's comprehensive insurance coverage across all the branches (fire, life, hail, sea, land and river transport). This approach was rare at the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Groupe Banque Populaire
Banque Populaire (, ) was a French group of cooperative banks, with origins in the European cooperative movement. In 2009, it merged with Groupe Caisse d'Épargne to form Groupe BPCE. History Groupe Banque Populaire started in 1878 with the foundation of the first local "people's bank" () in the western French city of Angers. During World War I, Commerce Minister Étienne Clémentel was instrumental in passing the law of which established the local Popular Banks' cooperative status and granted them favorable financial and tax treatment, with intent to fill the void left by struggling local banks in the market for short-term lending to small businesses. In 1921, another legislative act established a central financial entity, the (CCBP). In 1919, the French state sponsored the creation of Crédit National, a specialized bank. In 1946, the French state created Compagnie Française d'Assurance pour le Commerce Extérieur (Coface), a trade credit insurer, and Banque Françai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BNP Paribas
BNP Paribas (; sometimes referred to as BNPP or BNP) is a French multinational universal bank and financial services holding company headquartered in Paris. It was founded in 2000 from the merger of two of France's foremost financial institutions, Banque Nationale de Paris (BNP) and Paribas. It also incorporates many other major institutions through successive acquisitions, including Fortis Bank in Belgium, Direkt Anlage Bank in Germany, Banca Nazionale del Lavoro in Italy, Banque Générale du Luxembourg in Luxembourg, and Türk Ekonomi Bankası in Turkey. The group has also been present in the United States through its subsidiaries Bank of the West until 2023 and First Hawaiian Bank until 2019. With 190,000 employees, the bank is organized into three major business areas: Commercial, Personal Banking & Services (CPBS); Investment & Protection Services (IPS); and Corporate & Institutional Banking (CIB). BNP Paribas is listed on Euronext Paris and is a component of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tours Duo
Tours Duo are two skyscrapers designed by Jean Nouvel and located in the 13th arrondissement of Paris, on the edge of the ring road and Ivry-sur-Seine. As of 2022, most of their surface is occupied by the group headquarters of banking group BPCE. The mixed-use project covers more than 108,000 m2. It mainly houses offices but also a hotel, a restaurant, a bar with a panoramic terrace overlooking Paris, an auditorium, shops and green terraces. The ''Tour Duo n°1'', with 180 m, is the third tallest building in Paris after the Eiffel Tower The Eiffel Tower ( ; ) is a wrought-iron lattice tower on the Champ de Mars in Paris, France. It is named after the engineer Gustave Eiffel, whose company designed and built the tower from 1887 to 1889. Locally nicknamed "''La dame de fe ... (324 m) and the Tour Montparnasse (209 m), at par with the forthcoming Tour Triangle. The whole is intended to complete the "belt" formed by several towers and high-rise buildings at the gates ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fidor Bank
Fidor Bank was a German direct bank that operated from 2009 until it ceased operations in July 2023. History The bank was founded in 2009 in Munich Munich is the capital and most populous city of Bavaria, Germany. As of 30 November 2024, its population was 1,604,384, making it the third-largest city in Germany after Berlin and Hamburg. Munich is the largest city in Germany that is no ..., Germany. In 2015, it made a market foray into the UK. In July 2016, it was announced that Fidor Bank was being acquired by France's Groupe BPCE for €100m. As of September 2016, Fidor Bank continued to operate under its own branding. On 1 July 2019 Fidor Bank announced that it would suspend its services in the UK on 15 September 2019 owing to uncertainties about the UK market. References {{coord, 48.1496, N, 11.5565, E, source:wikidata, display=title Online banks Banks of Germany Financial services companies based in Munich 2016 mergers and acquisitions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperative Banking
Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world. Cooperative banking, as discussed here, includes retail banking carried out by credit unions, mutual savings banks, Building society, building societies and cooperatives, as well as commercial banking services provided by mutual organizations (such as cooperative federations) to cooperative businesses. Institutions Cooperative banks Cooperative banks are owned by their customers and follow the Rochdale Principles, cooperative principle of one person, one vote. Co-operative banks are often regulated under both banking and cooperative legislation. They provide services such as savings and loans to non-members as well as to members, and some participate in the wholesale markets for bonds, money and even equities. Many cooperative banks are traded on public stock markets, with the result that they are p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
