1 hour, 54 minutes ago PARIS (AFP) - Shareholders in French investment bank Natixis on Friday approved a planned 3.7 billion euros (5.44 billion dollars) capital increase to repair the damage caused by the US subprime home loan crisis.Despite vocal opposition from some shareholders, the vote passed by a large majority since Natixis management had the support of major French banks Banque Populaire and Caisse d'Epargne, which hold 70 percent of its capital.
"Natixis is ready to write a new chapter in its history," the president of the bank's board Philippe Dupont told the meeting.
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