Natixis share price plunges after EQD hedging loss
Natixis’s share price plunged on Wednesday after the bank reported a €260m hedging loss in its Asian equity derivatives business, an event which some analysts say other firms could suffer in 2019.
On Tuesday, Natixis said that a 1% year-on-year decrease in net revenues and 10% fall in quarterly figures was “entirely attributable to the occurrence of a risk of exceptional nature”.The exceptional risk event was the failure of a hedging strategy the bank used during the fourth ...
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