French postal service launches largest retail bank network

The employees of La Poste, the French postal service, have been busy this Christmas.

31st December, 2005

The employees of La Poste, the French postal service, have been busy this Christmas. Not only did they have to cope with the usual bulk of greeting cards and Santa wish lists, but they were also preparing for today's launch of France's largest retail bank network, La Banque Postale.

On December 21, the European Commission gave the green light for the formation of a wholly-owned subsidiary of La Poste dedicated to financial services. La Banque...

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