Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Amnesty accuses Sudan of chemical attacks on civilians

Read more

EYE ON AFRICA

Nations vote to end all trade of endangered pangolins

Read more

MEDIAWATCH

Trump accuses Google of 'suppressing bad news about Clinton'

Read more

THE DEBATE

What's the deal with oil? Saudi Arabia's about-face on OPEC (part 2)

Read more

THE DEBATE

What's the deal with oil? Saudi Arabia's about-face on OPEC (part 1)

Read more

BUSINESS DAILY

Dublin courts post-Brexit business

Read more

FOCUS

Afghanistan's national unity government faces political deadlock

Read more

REPORTERS

World War I: When northern France was on German time

Read more

INSIDE THE AMERICAS

Mixed reactions to historic Colombia peace deal

Read more

Business

Natixis suffers 1.8 billion euro loss in Q1

Latest update : 2009-05-14

French bank Natixis posted a 1.8-billion-euro loss for the first quarter of 2009, a fourth successive quarterly loss that was greater than expected. The bank's major shareholders Caisse d'Epargne and Banque Populaire are to inject 3.5 billion euros.

AFP - French bank Natixis posted Wednesday a loss of 1.8 billion euros (2.5 billion dollars) in the first quarter and announced a capital injection of 3.5 billion euros from its two biggest shareholders.
  
The shareholders, French banks Caisse d'Epargne and Banque Populaire, will give Natixis a one billion euro advance and another two billion euros in debt securities, Natixis said in a statement.
  
The losses are three times bigger than what had been forecast in the Dow Jones Newswire poll of analysts, who had predicted a 518 million euro loss.

Date created : 2009-05-14

COMMENT(S)