Natixis posts huge Q1 loss, gets EUR 3.5bn injection
(PARIS) - 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.
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