Natixis Unit Risks Record Fine in French Excessive Fees Case

A Natixis SA unit may face the highest-ever fine from France’s markets regulator in a case over accusations that the bank charged hidden fees and excessive margins to clients such as Credit Suisse Group AG.

Natixis Asset Management should pay a 35 million-euro ($39 million) penalty for conduct in relation to structured-products transactions, Thierry Philipponnat, an official on the Autorite des Marches Financiers board, said at a hearing June 23 in Paris. The AMF’s enforcement committee will have the final say on any penalty and should issue a decision within the next few weeks.

A 35 million-euro fine would be ...