Shares in Banque Nationale de Paris, Societe Generale, and Paribas all rose Tuesday on the expectation that the French central bank will letallow BNP to retain its 31.5% stake in Societe Generale, paving the way to create a $1.1 trillion asset bank.

French regulators have so far failed to indicate when they plan to take a decision, but are reported in press accounts to favor a merger of the three banks.

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