PARIS (AP) -- French bank Caisse d'Epargne says it is in talks about combining with rival Banque Populaire in a deal that would create a huge French banking group.
The announcement on the bank's Web site Wednesday comes amid massive uncertainty over the future of banks across Europe and in the United States.
Caisse d'Epargne says its board had authorized the bank's leadership to "undertake discussions" with the Banque Populaire Group toward a combination that would allow them to create France's second biggest banking group.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to email@example.com. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.