'Satisfactory' first quarter for Natixis as CIB maintains momentum
French lender Natixis has reported a mild rebound in corporate and investment banking activity versus the final quarter of 2011 but a 36% drop in year on year pre-tax profit for the division.
Labelling its performance as satisfactory, the bank posted net revenues of 760m for its CIB business, 11% less than the same period last year. Net revenues in financing were 8% lower, at 362m, while revenues for capital markets were 428m, 10% lower.
The bank said its equities business had
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.