Word: lyonnaise
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Surprisingly, many of the money traders agree, though they are making profits out of the irrationality, which they blame on their clients. Asks André Scaillet, chief money trader in Europe for First National Bank of Chicago: "Can you tell me if it's logical to have a 7...
The policy obviously failed. Including the Zenteno shooting, in the past 18 months there have been five assassination attempts on Paris-based diplomats, three of them successful. France is now cracking down on terrorists, but the task is likely to prove difficult. That much became clear when, two days after...
Earlier this month, Lazard Frères & Co., a Paris banking house associated with Lazard of Manhattan and of London, was excluded from any role in floating a $25 million bond issue for Air France. One of the participants, Intra Investment Co., which gets its money from Kuwait, Qatar and...
Even some prominent Enarques have doubts about the school. Says Jean Saint-Geours ('49), head of the state-owned Credit Lyonnais Bank: "It is bad for a diversified modern nation like France to be governed by people all formed in the same mold. E.N.A. graduates are brilliant, no doubt...
> Union des Banques Arabes et Françaises (or UBAF), formed in Paris in 1970 with more than $700 million in assets. UBAF is 40% owned by Crédit Lyonnais but controlled by 23 Arab banks. The president is U.S.-educated Mohamed Mahmoud Abu Shadi, former chairman of the...