Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Closing arguments presented in the ICC trial of the Malian Jihadist who destroyed shrines

Read more

MEDIAWATCH

Burkini: the never-ending controversy

Read more

THE DEBATE

Biden in Turkey: NATO allies at odds over Syria Kurds, exiled cleric (part 1)

Read more

THE DEBATE

Biden in Turkey: NATO allies at odds over Syria Kurds, exiled cleric (part 2)

Read more

FOCUS

Video: The European dream of Abidjan street footballers

Read more

ENCORE!

Film show: Star Trek Beyond, Toni Erdmann, Staying Vertical

Read more

MIDDLE EAST MATTERS

Gaziantep Massacre: Turkey's kurds targeted in deadly attack

Read more

EYE ON AFRICA

US Secretary of State John Kerry commits to ramping up military assistance to Nigeria

Read more

IN THE PAPERS

'Sexism is over, according to most men'

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)