France will borrow 4.5 billion euros (HK$46.3 billion) by the end of the year to settle debts from the collapse of the Credit Lyonnais bank, French Finance Minister Pierre Moscovici said on Sunday.Monday, 11 November, 2013, 12:50pm
Credit Lyonnais reduced its exposure to Asia's most crisis-affected countries by 42 per cent last year, underlining the retreat by foreign banks from the region.
Doubtful loans in Indonesia, Thailand, Malaysia, Philippines and South Korea totalled 916 million euros (about HK$7.71 billion).25 Mar 1999 - 12:00am
Mainland companies have begun voluntarily reducing their foreign-currency debts to avoid the mistakes of Asian businesses crippled by such borrowings, according to a Credit Lyonnais executive.
Chief executive for Asia Bernard Mignucci said the French bank's exposure to the mainland had stabilised partly because its clients were repaying debts voluntarily.3 Jul 1998 - 12:00am
Credit Lyonnais Securities Asia (CLSA) is not one of the assets that troubled French bank Credit Lyonnais must sell under a bailout agreement with the European Commission, CLSA chief Gary Coull said yesterday. 'A number of people have assumed that a Credit Lyonnais asset sale in Asia must include CLSA,' Mr Coull said.27 May 1998 - 12:00am
Credit Lyonnais' operations in Vietnam have been suspended from trading in foreign exchange futures for one month over trading errors worth less than US$2,300.
The State Bank of Vietnam barred Credit Lyonnais from participating in forward currency swaps for one month over two trades worth $2,298.12 Mar 1998 - 12:00am
EUROPEAN banks put on an unprecedented display of unity yesterday in a bid to ease mounting pressure on South Korea to meet its short-term debt payments.
Ending three days of crisis talks with British, French and German banking institutions, South Korean central bank governor Lee Kyung-shick said he was optimistic a private-sector rescue package would be successfully arranged.11 Jan 1998 - 12:00am
Credit Lyonnais, through its Hong Kong branch, has assembled a group of banks to sell floating-rate certificates of deposit (FRCDs), joint book-runner HSBC Markets says. Credit Lyonnais is also a joint book-runner.
The $1 billion three-year FRCDs pay an interest rate of 32 basis points more than the three-month Hong Kong interbank offered rate.18 Apr 1997 - 12:00am
Hysan Development Co's plans to issue $2 billion in floating rate notes have moved a step closer with 10 international banks committed to underwrite the issue.
They are Bank of Tokyo-Mitsubishi, Sakura Finance, Sanwa International, DKB Asia, Fuji International, Societe Generale, BNP, Credit Lyonnais, Bank Austria and J.P. Morgan.20 Feb 1997 - 12:00am
Credit Lyonnais says the group's net profit, excluding minority interests and after provision for payments to the state, were 67 million French francs (about HK$100.03 million).7 Oct 1996 - 12:00am
CREDIT Lyonnais Finance (Guernsey) says it has guaranteed 750 million call warrants for 1994-96 to buy 75 million existing issued ordinary shares in Henderson Investment at 20 cents per share.10 Oct 1995 - 12:00am
The Shenzhen B-share market saw a turnaround yesterday with turnover increasing to HK$6.25 million and the index up .5 per cent.
China Vanke was the star performer of the day, with strong investor interest driving busy trading.
The counter was up 7.2 per cent at the close of trade.23 Jun 1995 - 12:00am
CREDIT Lyonnais has announced the issue of 300 call million warrants on Henderson Investment at 20 cents a warrant.
Dealing of board lots of 10,000 warrants is expected to begin on June 23.20 Jun 1995 - 12:00am
FOREIGN investors returned to the Shenzhen exchange yesterday, lifting the recently moribund turnover to HK$7.9 million.
Trading on China Bicycle reached $2.4 million, boosted by a $1.2 million share cross at $2.
China Vanke also saw healthy turnover of $3.1 million, despite finishing down 7.4 per cent on the day.9 Jun 1995 - 12:00am
I WRITE in reference to the Corporate Monitor on March 23, concerning analysts' forecasts for Wharf (Holdings) for the year ended December 31, 1994.
It is slightly misleading to your readers to let them think that The Estimate Directory is out of date.30 Mar 1995 - 12:00am
THE biggest bail-out in banking history is under way in France this weekend as the final touches are put on a 135 billion francs (HK$202.5 billion) rescue of Credit Lyonnais.19 Mar 1995 - 12:00am