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Report: 3 small French banks in tie-up talks

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Report: 3 small French banks in tie-up talks

, Banques Populaires des Alpes and Banque Populaire de Loireet Lyonnais are mulling a merger, LesEchos reported March 30.

The newspaper,citing internal sources, reported that the project to merge the three smallbanks is advanced, but that there are disagreements over the leadership team ofthe joint entity.

Thebanks are part of GroupeBPCE.