Natixis’ Equity Derivatives Losses Soar to 250 Million Euros
- Year-to-date losses linked to dividends, hedging, sources say
- French bank said to lose about 150 million euros since April
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Natixis SA, the French investment bank that embraced complex trades as a key money maker, has lost about 250 million euros ($274 million) so far this year on equity derivatives.
About 150 million euros of the losses have occurred since April, according to people familiar with the matter. The results are partly driven by corporations slashing their dividends because of the coronavirus, the people said, asking not to be named as the details aren’t public.