Word: lyonnaise
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some of its players - will leap forward tremendously," says Rob Mason, managing director of SBI, the British sponsorship consultants. That grating sound you hear is the gnashing of Australian teeth. Banking On A Happy Ending This week, time may finally run out for French billionaire François Pinault, the...
ACQUITTED. JEAN-CLAUDE TRICHET, 60, governor of the Bank of France; in Paris. Trichet had been charged with complicity in falsifying accounts to hide losses of then state-owned bank Cr?dit Lyonnais in the early 1990s when he headed the French Treasury. The verdict clears the way for Trichet to...
At Christie's contemporary art sale in New York last month, the top lot was a huge mural painting by Mark Rothko that the auction house hailed as a "masterwork" and "of particular importance." When the bidding was over, No. 9 (White and Black on Wine) had sold for $16.4...
Looking to hire a bank? How would you feel about one that botched a friendly takeover, then paid 27% more than necessary for the acquisition? That's what France's Crédit Agricole did in its recent bid to acquire rival Crédit Lyonnais, to create one of...
Veteran gamblers know not to count their money until the dealing is finished, and now the European Central Bank is learning the same lesson. Jean-Claude Trichet, the governor of Banque de France, was expected to take over the E.C.B. when Wim Duisenberg resigns the presidency next July. But the...