Natixis SA (CNAT.PA)
19 Jul 2019
Mon, Jul 1 2019
PARIS French investment bank Natixis said on Monday it had been ordered to stand trial over a statement the bank issued in 2007 on its sub-prime exposures.
PARIS, July 1 French investment bank Natixis said on Monday it had been ordered to stand trial over a statement the bank issued in 2007 on its sub-prime exposures.
* Lars Windhorst buys 37.5% stake in Hertha Berlin team (Adds Lars Windhorst soccer investment and more details)
* Natixis shares rise 0.8% (Adds details from H2O statement, background)
PARIS/LONDON, June 26 French bank Natixis held briefings with equity analysts on Wednesday to try and win back the confidence of investors in the wake of a withdrawal of clients' money from its H20 asset management arm.
PARIS/LONDON H2O, one of French bank Natixis' asset management businesses, has sold off some illiquid assets and removed entry fees across its funds as it tries to stem outflows of customer money.
* Forced to mark down value; funds priced at 3-7% discount (Adds aggregated value of non-rated corporate bonds)
* HSBC downgrades Natixis, cautious on outflows (Adds KBW analyst note, Castres resignation from Tennor, fund manager quote)
PARIS, June 21 Shares in French bank Natixis recovered slightly on Friday from heavy losses in the previous session, but analysts said concerns over its H20 fund management arm remained.
PARIS, June 20 French investment bank Natixis defended its UK-based asset management division H2O on Thursday after fund ratings firm Morningstar put the unit under review over its holdings, causing a sharp fall in the French bank's shares.