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Natixis Suspends Trader in New York Amid Internal Probe

(Bloomberg) -- Natixis SA, the French lender roiled by risk-management problems since last year, has suspended a senior trader at a subsidiary in New York pending an internal investigation.Jean-Baptiste Jacquet, who has led equity-derivatives businesses for Natixis in New York, stopped turning up for work in recent weeks, according to people familiar with the matter. Officials at the bank are reviewing issues around how some of Jacquet’s transactions have been recorded, the people said. The bank is also examining how he managed his portfolio of trades, they said, requesting anonymity as the details aren’t public.“It is a purely internal procedure that is by no means related to a P&L loss and has no impact whatsoever on Natixis’ clients or businesses,” the Paris-based lender said Tuesday in a statement. Jacquet didn’t respond to repeated requests for comment.Natixis Chief Executive Officer Francois Riahi is trying to bolster controls after a series of mishaps...