France will experiment from 2020 on a “digital euro” to respond to Facebook's Libra

Cryptocurrency: France will Experiment from 2020 on a “Digital Euro” to respond to Facebook’s Libra

CRYPTOCURRENCY: This initiative by the French central bank, for a “digital euro”, is a first in the eurozone An “e-euro” to counter Facebook’s Libra. This is the ambition of the Banque de France, which will launch experiments next year to develop a “central bank digital currency” (MDBC). It will be dedicated to “wholesale” transactions, that is to say very […]

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The overdraft is expensive if its ceiling is exceeded.

One in Five French People Exceeds Their Authorised Overdraft Every Month

If the trend is down, the French are still adept at the bank overdraft authorised, which concerns six people out of 10 every year. And this service continues to be expensive. More than one in five French people exceeds the limit of their overdraft allowed once a month. This is evident from a study conducted by the Panorabanques banking comparator. […]

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Credit Agricole Bank is reorganising its Loire-Atlantique and Vendee Operations

Banking: Credit Agricole is Reorganizing in the Vendée and Loire-Atlantique

The Credit Agricole bank closed several of its agencies in Loire-Atlantique and Vendée. The objective, to reorganise to offer a better service. Last spring, hundreds of employees of Credit Agricole Loire-Atlantique and Vendée went on strike to protest against the announced closure of certain agencies, as part of a major reorganization of the bank. “We wanted to […]

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A Montpellier Cash machine started paying customers 40 euros instead of 20 euros

Montpellier: For Several Hours a Cash Machine pays out Double

Tuesday evening, people who were asking for 20 euros, received 40 euros. Until the police intervened to end the “jackpot” … Jackpot. On Tuesday, around 11.30pm, there was still a long queue in front of the cash machine of a branch of the Victor Hugo Street in Montpellier (Hérault), near the Place de la Comédie, […]

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The Societe Generale Bank was blocked by 30 militants in Le Mans

Le Mans: Societe Generale Bank Blocked by Militants

Thirty activists blocked, access to Societe Generale, place de la République, at Le Mans.  Denouncing its “policy of evasion organized.” At the call of the association, Attac, thirty demonstrators at around 9am, occupied the lobby of the Societe Generale bank at place de la République, in Le Mans.  The action is supported by the protestors […]

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Nicolas Thery is the new boss of the Credit Mutuel Bank

Nicolas Thery, New Boss to Credit Mutuel

Credit Mutuel Monday held a general meeting, during which Nicolas Thery succeeded Michel Lucas as head of the banking group. Michel Lucas, historical pattern of mutual banking group, is no longer the president of the National Confederation of Credit Mutuel (CNCM). This morning he gave his seat to Nicolas Thery after the General Assembly of […]

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Four suspects have been arrested in Brittany for Bank robbery

Brittany: Four Suspects Arrested for Bank Robbery in Paimpol

The robbery took place in August 2013 in the Cotes d’Armor … Four people were arrested on Tuesday in the Brittany and Paris regions of France. They are suspected of involvement in the robbery of the Crédit Mutuel de Bretagne Bank situated in Paimpol in Côtes d’Armor in 2013. On the night of August 12th to 13th, […]

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Credi du Nord is set to close 10 percent of its branches

Crédit du Nord Plans to Close 10% of its Branches by 2020

In the wake of its parent Société Générale, Crédit du Nord will remove about 80 outlets by 2020, about 10% of its network, said  its CEO Philippe Aymerich In the wake of its parent Société Générale, Crédit du Nord will remove about 80 outlets by 2020, about 10% of its network, said Thursday its CEO […]

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Family find 20 million euros in their bank account

Metz: A Small Family Receives 20 million euros in their Bank Account

Pack your bags, we are off to Bora Bora … According to the daily l’Est Républicain, a father who had to pay to his bank account a sum of 45 euros, noted on his account statement (on a Monday afternoon when his bank was closed), he … was credited with € 20 million. “When my […]

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La Poste is embracing new technology to expand its business

La Poste is a bank, an MVNO, a delivery service (by drone) & an IoT Network

An interesting article that I read about the Post Office here in France, on the Rudebagette website, saying how the post office, despite the slowing down of its traditional revenue sources, the delivery of the post, it has managed to expand into other areas such as banking etc and is now embracing new technology to […]

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