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Natixis Returning to Derivatives at Heart of $300 Million Losses – Bloomberg Law

Aug. 31, 2021, 3:34 PM

French investment bank Natixis SA is beginning a fresh push into the complex derivatives that blew up twice in recent years, causing hundreds of millions of euros in losses and helping end the tenure of the lender’s former chief executive officer.

The Paris-based bank plans to sell a new batch of so-called autocallables, which are volatile derivatives linked to stocks, people familiar with the matter said. They include products similar to those Natixis suspended after they lost 259 million euros ($303 million) in 2018, the people said. The firm will also offer a product that carries less risk tied to …