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Groupe Banque Populaire started in 1878 with the foundation of the first local "people's bank" (French: banque populaire) in the western French city of Angers.During World War I, Commerce Minister Étienne Clémentel was instrumental in passing the law of 13 March 1917 which established the local Popular Banks' cooperative status and granted them favorable financial and tax treatment, with ...
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François Pérol was the architect of the creation of Groupe BPCE, which he subsequently led for nearly a decade. Before moving to the Tours Duo in 2022, Groupe BPCE and Natixis were headquartered respectively on 50 and 30, Avenue Pierre-Mendès-France [] in Paris, flanked on both ends by office buildings of the Caisse des dépôts et consignations.
On 18 April 2008, Credit Agricole revealed that it would post $1.2 billion in losses related to subprime mortgage securities. In May 2008 Credit Agricole sought to raise €5.9 billion in equity capital from its shareholders. The shares controversially sold off from €19 to €6 over the successive period as the financial crisis escalated. [44]