La Banque postale

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La Banque postale is a French bank created on 1 January, 2006 as a subsidiary of La Poste, the national postal service.

Controversy[edit]

In 2010 the French government's Autorité de la concurrence (the department in charge of regulating competition) fined eleven banks, including La Banque postale, the sum of 384,900,000 Euros for colluding to charge unjustified fees on check processing, especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer. [1][2]

References[edit]

  1. ^ Collusion in the banking sector, Press Release of Autorité de la concurrence, République Française, 20 September 2010, retrv 2010 9 20
  2. ^ 3rd UPDATE: French Watchdog Fines 11 Banks For Fee Cartel , Elena Bertson, Dow Jones News Wires / Wall Street Journal online, retr 2010 9 20

External links[edit]