Preliminary administrative inquiry and search at Natixis, linked to ADAM' s complaint
The search carried out today by the financial police at Natixis, Banque Fédérale des Banques Populaires and Caisse Nationale des Caisses d’Epargne is part of a preliminary inquiry opened following a complaint filed by Adam [association for the defense of minority shareholders] on February 24 with the public prosecutor, and concerns a period prior to 2009.
There is nothing exceptional about this search in this type of procedure.
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About Groupe BPCE
Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 36 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (AA-, negative outlook) and R&I (A+, stable outlook).
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