|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||4.6100 - 4.6100|
|52-week range||2.3900 - 5.2000|
|Beta (5Y monthly)||1.32|
|PE ratio (TTM)||118.21|
|Forward dividend & yield||0.07 (1.56%)|
|Ex-dividend date||02 Jun 2021|
|1y target est||N/A|
(Bloomberg) -- Laurent Mignon is getting his way.The chief executive officer of French banking giant BPCE on Friday launched an offer to take its unit Natixis private, a move that will fold one of Europe’s most risk-hungry equity-derivatives shops into a group of staid mutual banks. And it will allow Mignon to fix the investment bank he once ran, far from the prying eyes of markets.The 57-year-old, who rose to the top job at BPCE in 2018, is grabbing Natixis after its worst year in more than a d
French investment bank Natixis will on Monday stand trial over accusations a statement about its financial strength it issued in 2007 on its sub-prime exposure was misleading. Natixis was one of the French banks hardest hit by the crisis in 2007 when the collapse of bonds backed by poor quality mortgages - dubbed sub-prime - spread through financial markets. Natixis eventually had to be rescued by its parent bank BPCE and was later restructured.
Credit Suisse, Dutch lender ING and France's BNP Paribas have decided to stop financing trade in crude oil from Ecuador, the banks said on Monday, after pressure from campaigners aiming to protect the Amazon rainforest. The role of European lenders in backing the trade came under scrutiny in August, when a report by advocacy groups Stand.earth and Amazon Watch named six European banks as major financiers of Ecuadorean oil exports to U.S. refineries. Indigenous leaders battling to prevent further oil exploration in their territory said the banks' role had made them complicit in oil spills, violations of land rights and the destruction of rainforest by Ecuador's oil industry.