The initiative was not considered very credible

Philippe Dupont, the President of the Banques Populaires, is weakened. Under agreements with banks Epargne, it must be the first President of the Supervisory Board of the new set that should be made, except setbacks, here in mid-July. But the difficulties of Natixis, he was at the helm until February, and the rising challenge in internal compromise its ambitions. In the entourage of François Pérol, strong man of the new set, it provides that "this rumour is without foundation." Many however, the group, who believe that Philippe Dupont will have difficulty to retain his position. "Caisses d'Epargne come to turn a page in electing a new President read below." "This should be the turn of the Banques Populaires to do the same," summarizes a source.

The two banks have agreed that the first presidency of the Council of the new central body is a "blue" for two years, as Chairperson, returning to a "red." Clearly, once the Supervisory Board will be composed, 7 administrators of Caisses d'Epargne pledged to vote for the candidate of the Banques Populaires. It is Philippe Dupont who was appointed to be the candidate, but only just. He received 11 votes for and 10 votes against in the vote of the "blue" end of February. "Today, the internal front it is quelled, provides one. It has something to do to revive the quarrels of people and there is therefore step of reasons that can make this vote in question. "But the party is still long. Philippe Dupont will have to be appointed administrator of the new set by the General Assembly of the Banques Populaires before run for the Presidency of the Council.

The much speculation

But he would have lost points in recent weeks, the network as to François Pérol. "Philippe Dupont went to see several barons to try to raise money in and out the State of the capital as soon as possible with the hope to resume the hand", indicates a close to the group. He also met several patterns of large companies, leaving just that it would be back in two or three years, once the regularized situation. The initiative was not considered very credible. "He wanted to leave combat much too fast, summarizes one of his critics, while the case of Natixis is still very painful. At the time, the much speculation internally on the date of his departure. As soon as the law creating the new central body will be enacted, say some; After the half-year results of Natixis, say others. Some also believe that the investigation by the AMF on the financial information of Natixis could weaken it.

"Dupont is fragile because it has little support internally, believes a connoisseur of the group." But he has a chance, that no one stands to take his place. "In the Banques Populaires, the name of Stève Gentili returns with insistence since February. The President of the Bred is the legitimacy of the results: the Bred is the largest of the regional popular banks 20 and represents only one-third of the results of the group.

"But the Bred is in the popular banks." "It is the more autonomous and it is still very"Paris"," recalled a blue. Stève Gentili maintains itself the mystery about its intentions, appearing to move forward with caution. Two months ago, he had not appeared against Philippe Dupont. And some of his relatives think that he does not seek position. "But if other regional popular Bank President monte to the niche and makes a good campaign, it will be the place", provides the same source.