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Essay / Research Paper Abstract
12 pages. In the first quarter of 1994 France's Credit Lyonnais Bank lost more than $870 million. The banking crisis they faced due to over diversification was just one of many problems that came about due to the many scattered directions that took place in the 1980's. After a series of bailouts by the French government the bank still had a long way to go to be out of crisis mode. Bibliography lists 6 sources.
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12 pages (~225 words per page)
File: D0_JGAlyonn.rtf
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was just one of many problems that came about due to the many scattered directions that took place in the 1980s. After a series of bailouts by the French
government the bank still had a long way to go to be out of crisis mode. CREDIT LYONNAIS The banking industry in France is comprised of several types of
market structure, including monopolistic, competitive and oligopoly; whether one particular avenue proves to be more advantageous for Frances financial situation can only be determined after thoughtful consideration of the plaguing
issues represented at hand. The concern over which marketing structure to follow resides in the conclusion that either one or another is the only approach to take when it
comes to gaining control over Frances economic situation. A monopolistic approach to banking in France closely resembles that of a double-edged sword: while it may prove beneficial to only some,
it can certainly -- and often does -- end up struggling awkwardly to avoid catastrophic retribution from the masses. In the end, even the ones who initially profited from
such an endeavor face considerable scorn from those they are claiming to assist. All in all, the idea of French banks utilizing a monopolistic approach is not nearly as
desirable as that of an openly competitive corroboration. The entire French banking system had been for some time completely awash in problems. Credit Lyonnais in particular was in deep
trouble. So much so, in fact, that it was said that "Credit Lyonnais itself was so decentralized that the head office management, including the banks former executive chairman Jean-Yves
Haberer, had no idea what was going on in the subsidiaries, which account for most of the losses" (de Quillacq 12). The factors involved in the French banking crisis are
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