Natixis' parent comes to rescue
China Daily | Updated: 2009-08-27 08:01
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Natixis may return to profit in the current quarter following five straight losses, according to CEO Laurent Mignon. Bloomberg News |
PARIS: Natixis SA received a guarantee from its parent covering about 35 billion euros ($50 billion) of risky assets and said it may return to profit in the third quarter, driving the stock up as much as 43 percent.
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