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The Crédit Lyonnais (French: [kʁedi ljɔnɛ], "Lyon Credit [Company]") was a major French bank, created in 1863 and absorbed by former rival Crédit Agricole in 2003. Its head office was initially in Lyon but moved to Paris in 1882. In the early years of the 20th century, it was the world's largest bank by total assets. [1]
Hamanaka was not charged with market manipulation, but Sumitomo paid fines of US$150 million to CFTC and US$8 million to the SIB to settle charges of copper price manipulations. In 1999, Sumitomo sued Merrill Lynch, UBS, Credit-Lyonnais Rouse, and Morgan Stanley for damages in an amount exceeding US$2 billion for aiding and abetting Hamanaka. [22]
Trichet was born in 1942 in Lyon, the son of a professor of Greek and Latin. [2] He was educated at the École des Mines de Nancy, from which he graduated in 1964.He later earned a master's degree in economics from the University of Paris and then trained at the Institut d'études politiques de Paris (best known as Sciences Po), finishing in 1966, and the École nationale d'administration (ENA ...
René-Thierry Magon de la Villehuchet (23 April 1943 – 22 December 2008) was a French aristocrat, money manager, and businessman.He was one of the founders of Access International Advisors (AIA Group), a company caught and subsumed in the Madoff investment scandal in 2008.
In July 1998, an anonymous French whistle-blower told the California Insurance Department that Crédit Lyonnais was the real buyer of the insurance company and controlled it through secret agreements. In early 1999, the California Insurance Department sued the bank and other parties, alleging fraud and seeking $2 billion in restitution.
First they authenticated Captain Mollin's handwriting to ensure the files were genuine and then decided on a plan of action. On 15 October, the file containing the documents was secured within a safe at Crédit Lyonnais, while Guyot de Villeneuve decided to press forward with the revelation of the scandal, perhaps advised in this by Msgr Odelin.
The scandal rocked the French financial world, and thousands of smaller creditors and investors were ruined. The in-laws of the painter Henri Matisse, M. and Mme. Parayre, became scapegoats in the affair. [1] Matisse's mother-in-law, who was the Humbert family's housekeeper, fell under suspicion, and her husband was arrested.
He worked as a writer and journalist and was the author of several films. He wrote more than 20 books and 40 films, including Série noire au Credit Lyonnais, L'orchestre noir, Les routes de la terreur 911 and Elf, une afrique sous influence, all of which were broadcast by Arte.