Groupe Banque Populaire ("People's Bank") was a French group of cooperative banks. The central entity was controlled by 15 independent regional banks and also operated under the CASDEN and the Crédit Coopératif subsidiaries. In 2006, Groupe Banque Populaire created

Natixis Natixis is a French corporate and investment bank created in November 2006 from the merger of the asset management and investment banking operations of '' Natexis Banques Populaires'' ( Banque Populaire group) and ''IXIS'' (Groupe Caisse d'Eparg ...

with another French cooperative banking group,

Groupe Caisse d'Epargne A group is a military unit or a military formation that is most often associated with military aviation. Air and aviation groups The terms group and wing differ significantly from one country to another, as well as between different branches ...

, to which they brought Banque Populaire's Natexis and Caisse d'Epargne's IXIS Corporate and Investment Bank. In 2009, Banque Populaire and Caisse d'Epargne merged to form

Groupe 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 ...

Merger

In October 2008 the group announced plans, since approved by the

French government The Government of France (French: ''Gouvernement français''), officially the Government of the French Republic (''Gouvernement de la République française'' ), exercises executive power in France. It is composed of the Prime Minister, wh ...

, to merge with

. The companies merged in 2009 to form the Groupe BPCEJolly, David
Parent of French Bank Agrees to Guarantee Troubled Assets.
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New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a de