‘Satisfactory’ first quarter for Natixis as CIB keeps up pace
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
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