Crédit mutuel: Arkéa's divorce plan "put on pause"

Officially, the Arkéa group's divorce plan with the National Confederation of Credit Mutual (CNCM) - the central organ of the mutual banking group - is still valid. It appears in the future strategic plan of this entity which brings together the federations of Brittany and the South West of Crédit Mutuel. It has been fighting vehemently for six years to stand on its own two feet and overcome the “centralization” of the CNCM. But in the press release sent Monday by Arkéa, the split project which has given rise to numerous legal battles is no longer at the top of the priorities of the group's next roadmap, which will be presented at the end of the year. It is now postponed until 2024! The Breton bank, which has 4.4 million customers, filed with the ECB more than two years ago a request for a banking license, after the separation process with the CNCM. However, the file is in neutral."The ECB has to face right now

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