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France’s Natixis replaces head of global markets team
PARIS (Reuters) – France’s Natixis SA <CNAT.PA> announced on Wednesday that the head of its global markets teams was leaving the investment bank. Natixis said that Mohamed Kallala would replace Luc François as head of global markets. Francois, who joined Natixis in 2012 from Morgan Stanley, was “leaving the company to undertake new professional projects”. […]
Mexico economy shrinks in October, making rocky start to 4th quarter
MEXICO CITY (Reuters) – Mexico’s economy contracted by 0.5% in October from September in seasonally adjusted terms, making a poor start to the fourth quarter after nine months of stagnation, figures from the national statistics agency showed on Tuesday. The decline in economic output was the biggest since a 0.5% contraction in March, and the […]
S&P revises down credit rating outlook for Japan’s megabanks
TOKYO (Reuters) – S&P Global Ratings on Friday revised to stable from positive its credit rating outlook for Japan’s three major banking groups, as the economic strain from the coronavirus pandemic pushes up credit costs and threatens to erode their revenues. “We revised the outlooks because we expect the economic strain stemming from the COVID-19 […]