Why the sale of HSBC in France is good news for Arkéa

This is a collateral effect of the sale by HSBC of its French retail banking network. According to our information, its buyer My Money Bank (controlled by Cerberus) will entrust Arkea Banking Services (ABS) with the management of the banking IT network which will eventually regain its historic brand, the CCF.

Without further clarification at this stage, it could be a service contract similar to that concluded last year with Axa, which entrusted Axa Banque’s IT banking to this specialized subsidiary of Arkéa.

Source

sale HSBC France good news Arkéa

 
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