Natixis To Face Trial On Sub-Prime Exposure Statement From 2007 | 7/2/2019 | Staff
emilia (Posted by) Level 3
PARIS (Reuters) – French investment bank Natixis said on Monday it had been ordered to stand trial over a statement the bank issued in 2007 on its sub-prime exposures.

A magistrate opened a formal investigation in 2017 over two statements Natixis released respectively in July and November 2007 over its exposure to the subprime crisis that was shaking world markets at the time.

Natixis - Investigation - Magistrate - Trial - Statement

Natixis said that following the investigation, the magistrate ordered the trial for the statement released in November 2007. There is no date yet for the trial.

The bank said the sub-prime crisis was unprecedented so that the bank had no way of anticipating the chain reaction...
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