Natixis controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile1 entries
2021
Natixis fined over misleading investors
Fine or penalty
A French criminal court found Natixis guilty of misleading investors in 2007 regarding its financial strength related to sub-prime exposure and fined the firm 7.5 million euros. The court also ordered compensation for retail investors. Natixis denied wrongdoing and said it was appealing.
A French criminal court fined Natixis 7.5 million euros after finding it guilty of misleading investors in 2007 about its financial strength related to sub-prime exposure. The court also ordered compensation for retail investors. Natixis denied wrongdoing and said it was appealing.
Company response
Denial — Natixis
Eric Dezeuze, a lawyer for the bank, said Natixis was lodging an appeal against the ruling as the bank denied any wrongdoing.
Source excerpt
Natixis did not simply make a mistake in evaluating its exposure, it intentionally misled the market
Eric Dezeuze, a lawyer for the bank, said Natixis was lodging an appeal against the ruling as the bank denied any wrongdoing.
A French criminal court on Thursday fined investment bank Natixis 7.5 million euros ($8.95 million) after finding it guilty of misleading investors in 2007 on its financial strength related to its sub-prime exposure.