PARIS -- A French parliamentary commission investigating losses at the largest state-owned bank, Credit Lyonnais, issued a report highly critical of the bank's former president, Jean-Yves Haberer.

While the report did not question the executive's honesty or ethics, it savaged his aggressive acquisition policy, "monarchical" management style, and risk-control failures. And it raised questions about possible corruption among bank officials that contributed to losses from such borrowers as Giancarlo Parretti, former owner of the MGM studio.

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