16-07-2020 18:18 via uk.finance.yahoo.com

Exclusive: Natixis plans shake-up to focus on greener lending

French bank Natixiswill merge its commodities and infrastructure operations to focus on clean energy in a restructuring sources said was accelerated by a series of loss-making loans to oil traders.The move by one of the most active banks in commodities lending highlights the struggles of businesses connected to a sector grappling with an oil price collapse, rising bankruptcies and growing pressure to switch attention to greener fuels."We are currently working on the creation of an Infrastructure
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