Word: lyonnaise
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Dates: during 2000-2009
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In their infinite wisdom, European governments have now decided that letting the state effectively get control of ailing banks is the way out the current financial mess. But the French government really messed up the last time it had control of a chunk of the nation's banking system. That...
...group of investors the concession to provide water to the city of Lyon. It was such a hit on the Paris stock market that the company soon spun off its own bank, Société Générale. Competing bank Crédit Lyonnais parried in 1880 with the creation of Lyonnaise des Eaux, which is the core of Suez's water business today. Though the direct links to those banks no longer exist, both companies have been key players in the roiling waters of French business and government ever since...
Leila Fathi, 20, a law student at the University of Nanterre, outside Paris, has been spending every day of her spring break in the library. After four weeks of demonstrations during which her university was blocked and idle, she and her co-students have a lot of catching up to...
Account Closed France finally agreed on a $760 million settlement with U.S. prosecutors over the allegedly illegal purchase of failed insurer Executive Life by Crédit Lyonnais. Billionaire François Pinault - who made a big profit on the deal - will hand over $185 million but avoid prosecution.
dispute - now we have to concentrate on others." Next in line: U.S. tax breaks for American exporters, which also break WTO rules. If the subsidies aren't repealed by March, the E.U. - with WTO backing - will hit the U.S. with up to $4 billion in tariffs on exports ranging from...