03-08-2020 17:56 via uk.finance.yahoo.com

Natixis appoints new CEO after second quarterly loss in a row

French investment bank Natixisreported its second quarterly loss in a row on Monday and announced the departure of Chief Executive Francois Riahi.Natixis said the board of directors had appointed Nicolas Namias, head of group finance and strategy at parent company BPCE, as the bank's new CEO with effect from Aug. 4.Natixis lost 57 million euros (51.38 million pounds) in the second quarter as its equity trading suffered and the bank increased provisions for potential bad loans due to the COVID-19
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