EU to approve creation of French postal bank
The European Commission will approve on Wednesday the creation of a new entity which will regroup the banking activities of France’s La Poste, said a source close to the case.
The commission, which has been examining the case for several months, will only give its ‘partial’ approval, the source said, as Brussels can only give a general green light, but leave other issues untouched, such as the ‘Livret A’ savings account distribution monopoly which La Poste has with the Caisses d’Epargne.
