Natixis struck by energy sector credit risk

Natixis_PA_575x375_6May2020
By Jasper Cox
06 May 2020

Natixis’s corporate and investment bank slumped to a loss in the first quarter, results showed on Wednesday, as it provisioned for credit losses and took a similar hit in equities to its French peers.

As it revealed the effect of the coronavirus crisis on its business in the first quarter, the bank also gave an indication of how it would react strategically.

The frosty and uncertain outlook has led Natixis to scrap targets for this year under its “New Dimension” plan. ...

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