Natixis plans to sell its Consumer financing, Factoring, Leasing, Sureties & guarantees and Securities services businesses to its majority owner Groupe BPCE SA, for a total of €2.7bn.
The move, if successfully completed, will allow Natixis to accelerate the development of its asset-light model. In turn, Natixis would invest up to €2.5bn over its New Dimension strategic plan, primarily in asset management, compared with €1bn initially planned.
The news was covered by The Financial Times, Reuters, IFR, Globesnewswire, Law 360, Yahoo Finance, New York Times, Market Watch, This is money, CNBC, Euroinvestor, Post Online Media, Investsize.
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The effect of climate risk and severe weather events on corporate earnings can be significant. If left unmitigated, the financial impact could increase over time as climate change makes disruptive weather events more frequent and severe. The report entitled “The Effects of Weather Events on Corporate Earnings are Gathering Force” was jointly released by S&P Global Ratings and Resilience Economics.
Environmental, social and governance (ESG) risks and opportunities are of growing interest to all market participants. With the potential to affect an entity’s capacity and willingness to meet its financial commitments in various ways, it is important to understand how S&P Global Ratings incorporates ESG factors into credit ratings. Michael Wilkins, Head of Sustainable Finance at S&P Global Ratings, explains.
Falcon Bridging Finance Limited has announced that it has selected Brightstar Financial to act as its latest financial intermediary.
Rachel Goult, Director, S&P Global Ratings, looks at the GCC’s efforts to become a large producer of solar energy – and how new capital market involvement and green Islamic finance initiatives could help support the growing industry.