Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Outrage online in Spain after five men cleared of gang rape

Read more

THE DEBATE

A new anti-Semitism? French open letter sparks controversy

Read more

THE POLITICAL BRIEF

Macron in Washington: After ‘bromance’, French leader tackles prickly issues

Read more

PEOPLE & PROFIT

Is GDP the best way to measure an economy?

Read more

INSIDE THE AMERICAS

Trump rolls out red carpet for Macron

Read more

ENCORE!

Daniela Vega blazes a trail for transgender rights

Read more

FOCUS

Goma families terrorised by wave of child abductions

Read more

FRENCH CONNECTIONS

May in France: Lucky flowers and building bridges

Read more

IN THE PRESS

Handshakes and private toilets: How Koreas' summit is planned to (media) perfection

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)