Credit Lyonnais sets target for two-year cost savings

Article Abstract:

Credit Lyonnais S.A. is promising to save up to 200 million euros over the next two-year period in a new productivity program. The savings are designed to help prop up the company in the event that the current economic slowdown gets worse.

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Credit Lyonnais planning revamp to cut costs 15%

Article Abstract:

Credit Lyonnais S.A. announced a restructuring of its corporate banking unit in France and a review of international operations as part of a larger plan to cut expenses in some areas by up to 15%.

World

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France explores selling 10% stake in Credit Lyonnais

Article Abstract:

The French government is considering selling a minority share in Credit Lyonnais SA. The government could sell a 10% share in the bank, the third-largest listed bank in France.

Planning

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