Problems, problems: Credit Lyonnais

Article Abstract:

Credit Lyonnais will issue its 1992 financial report on Mar 29, 1993, and it is expected to show the bank's worst performance in over 20 years. The disastrous year is partially due to its Dutch subsidiary's involvement with Metro-Goldwyn-Mayer and SASEA Holding.

Credit Lyonnais Bank Nederland N.V.

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Discredit Lyonnais: French banking

Article Abstract:

Credit Lyonnais's (CL) first half 1992 earnings fell by almost two-thirds, and the bank's common stock declined in value. CL officials attribute the lower profits to high interest rates, but independent analysts are pointing to CL's risky lending practices.

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Slipping on banana skins: Credit Lyonnais

Article Abstract:

France's state-owned bank, Credit Lyonnais, reported profits down by 11% for the first half of 1991, and is expected to announce that the second half of the year was equally difficult.

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