Problems, problems

ON MARCH 29th Crédit Lyonnais, France's controversial state-owned bank, is due to unveil its results for 1992. They will be terrible. Jean-Yves Haberer, the bank's chairman, has already said that its performance will probably be the worst for 20 years. If, as some analysts expect, the bank announces a big loss, it will be due in part to problems at Crédit Lyonnais Bank Nederland (CLBN). The bank's Dutch subsidiary is caught up not only in the difficulties of Metro-Goldwyn-Mayer (MGM), a Hollywood film studio that it now owns, but also in the collapse of SASEA Holding, a Swiss company which went bust last October. Crédit Lyonnais's exposure to SASEA is at least SFr570m ($377m).