Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Mashujaa day: Kenyatta and Odinga call for peace before election rerun

Read more

THE INTERVIEW

Kurdish referendum a ‘colossal mistake’, says son of late president Talabani

Read more

MEDIAWATCH

The new 30s club: NZ's Jacinda Ardern joins list of maverick leaders

Read more

THE WORLD THIS WEEK

Raqqa, Kirkuk, Xi Jinping

Read more

REPORTERS

The Dictator's Games: A rare look inside Turkmenistan

Read more

#TECH 24

Teaching maths with holograms

Read more

DOWN TO EARTH

Is China exporting its pollution?

Read more

#THE 51%

Are female empowerment adverts actually good for the cause?

Read more

FOCUS

The mixed legacy of 'Abenomics' in Japan

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)