France's La Caisse d'Epargne wants to modify governance at Natixis - report |
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Published
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Mon, 22 Oct 2007 07:27
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PARIS (Thomson Financial) - French banking group Caisse d'Epargne wants to modify governance at its banking subsidiary Natixis, which it jointly owns with banking group Banques Populaires, French daily Les Echos reported.Caisse d'Epargne said it wants to end the 'two-headed management' of Philippe Dupont, who is both CEO of Banques Populaires and president of Natixis.Caisse d'Epargne said it was difficult to hold such a position without falling victim to a conflict of interests.The stock value of Natixis has declined 20 pct since it was founded in November 2006.tfn.paris@thomson.comses/ejbCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Ixis Corporate & Investment Bank ratings affirmed, outlook stable - Fitch 