Word: lyonnaise
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Q. As a talent agency, CAA represents many of the top stars. Now you have agreed to advise Credit Lyonnais, the French bank that effectively controls MGM. Isn't it a blatant conflict of interest to advise a studio while representing movie stars, directors and writers who seek work at...
Critics challenged the sale, charging both unfair competition and a giveaway of American technological secrets. Not only is Thomson-CSF 60% owned by the French government, but so is Credit Lyonnais, the French bank that is the leading creditor for the Carlyle Group in the deal. As Martin Marietta chairman...
The curtain has been rung down on the long-running farce starring would-be film mogul Giancarlo Parretti. Last week a Delaware judge confirmed Parretti's removal from the board of MGM-Pathe studios. A onetime waiter who bought the studio in 1990 for $1.3 billion, Parretti accumulated huge debts...
Swiss Bank wasn't alone. Dozens of banks were left holding the bag. Among those with the heaviest exposure: Midland, Lloyds, National Westminister, Barclay's, Sumitomo Trust, Credit Lyonnais, Citicorp and Bankers Trust. While most banks were plain old gullible, some claim that they were duped. "We weren't wearing...
In announcing his takeover last week, Garamendi assured policyholders that medical claims and death benefits will continue to be paid while the state manages the company. He added that a consortium led by a division of Credit Lyonnais, the large French bank, is exploring an acquisition of the California insurer...