Haberer regularly met the business
leaders of Crédit Lyonnais’ key
subsidiaries, but as an organisation
the bank lacked systematic controls
over the risk taking and risk reporting
of its increasingly complex network
of businesses. At least two of these
subsidiaries generated major scandals
in their own right: Altus Finance
in its dealings with the US insurance
industry, and Crédit Lyonnais Bank
Nederland in its financing of various
Hollywood film studio deals