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APR 10, 2013 - Yahoo! News

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BNP Paribas to open new online bank: unions

By Lionel Laurent and Alexandre Boksenbaum-Granier PARIS (Reuters) - French bank BNP Paribas is set to open a new online bank targeting 500,000 customers in five years as it revamps its retail activities, two union sources told Reuters on Wednesday. BNP and its rival Societe Generale are cutting costs in their branch networks, where a stagnant economy and consumer belt-tightening have hit revenues and raised the likelihood of branch closures. Although France's biggest bank already offers online banking for its regular retail customers, the new project will be entirely digital, the ... Read More

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