Natixis, the troubled French investment bank, has been thrown a lifeline by its parent company BPCE that could help it avoid government aid and pave the way for its long-overdue restructuring. BPCE, the newly created retail banking group formed from the merger of Natixis’s two largest shareholders, will ringfence and guarantee billions of euros of toxic assets at Natixis – a move that suggests BPCE’s improved confidence in asset markets.

This entry was posted by Gwen Robinson on Wednesday, August 26th, 2009 at 4:45 and is filed under Capital markets. Tagged with BPCE, natixis. Edit this entry.