French Bank Takes Subprime Write-down
French bank Natixis SA reported lower profits after a sizeable write-down related to subprime credits and trading losses. The bank’s net income dropped 88% to $106.9 million (US).
French bank Natixis SA reported lower profits after a sizeable write-down related to subprime credits and trading losses. The bank’s net income dropped 88% to $106.9 million (US).