home > news French bank Natixis reports profit slump on another subprime hit (AFP)

French bank Natixis reports profit slump on another subprime hit (AFP)




Natixis headquarters in Charenton-Le-Pont near Paris. French investment bank Natixis said its first-quarter earnings plunged 88 percent after it had to take further write-downs on its exposure to the US subprime home loan crisis.(AFP/File/Joel Saget)AFP - French investment bank Natixis said on Thursday its first-quarter earnings plunged 88 percent after it had to take further write-downs on its exposure to the US subprime home loan crisis.





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