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Thursday's headlines, Financials edition

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Thursday's headlines, Financials edition

Europeanbanks may need $517 billion of loss-absorbing funds Bloomberg News
Italy'sbanks won't destroy the eurozone in the short term City A.M.
Insurersignoring risks of oil, gas investments: study Reuters

UK AND IRELAND

UKwatchdog says may intervene on high overdraft charges Reuters
TheresaMay says UK will not take up upcoming presidency of the European Council afterBrexit vote City A.M.
Merkel,May will hold no Brexit pre-negotiations in Berlin: spokesman Reuters
Britainmust be clear on what EU ties it wants before Brexit talks: Merkel Reuters
'Noclear evidence' of business slowdown since Brexit vote (yet) City A.M.
Assetmanagers assess impact of Brexit FinancialTimes
Britishinsurers slam Supreme Court's 'collateral lies' ruling Financial Times
StandardLife Investments calls for more monetary easing Financial Standard

Bank of Ireland
Bankof Ireland to close eight Northern Ireland branches Irish Independent

HSBC
HSBCcurrency traders got greedy on Christmas Bloomberg News
SeniorHSBC exec released on $1 million bail in $3.5 billion US forex trading probeThe Daily Telegraph
UScharges two HSBC executives over forex-related scheme Reuters
TopHSBC banker arrested in US fraud case Sky News

IG Group
IGGroup confirms CFO appointment Reuters

IHS Markit
EUaccepts Markit, ISDA concessions in credit default swap probe Reuters
Markitand ISDA's EU settlement ends antitrust probe on CDS Bloomberg News

Lloyd's of London
Lloyd'ssafe from immediate Brexit hit, long-term uncertain: J.P. Morgan Artemis

Man Group
PIMCOappoints Man Group's Manny Roman as CEO TheWall Street Journal
PIMCOturns to Man Group's Roman to lead revival Reuters
Allianzappoints Man Group's Roman new PIMCO CEO Reactions

OM Asset Management

OMAsset Management AUM of $218.8 billion as of June 30 Reuters

Royal Bank of Scotland
RBS'Indian job relocations are the ultimate betrayal, says union Reuters

GERMANY, SWITZERLAND AND AUSTRIA

Swisscooperate with US over 1MDB scandal swissinfo.ch

Allied World Assurance
AlliedWorld reduces aviation and marine hull exposures Insurance Day

Deutsche Börse
DeutscheBörse gets acceptances of 55.5% shares on LSE deal Reuters
DeutscheBörse still short of support for LSE merger Financial Times
DeutscheBörse almost gets shareholder support for LSE merger Handelsblatt

UBS
UBSchief US economist Maury Harris to retire Reuters
Ex-UBS trader Kweku Adoboliloses UK deportation appeal BBC News

FRANCE AND BENELUX

Crédit Mutuel Group
CréditMutuel acquires financial activities of General Electric in France and GermanyLe Figaro

SPAIN AND PORTUGAL

Stateloan to the Portuguese Resolution Fund will be renewed Jornal De Negócios
Portuguesebanks are better but need more capital DiárioDe Notícias

Novo Banco
Portuguesegovernment looks to complete sale of Novo Banco Jornal De Negócios

ITALY AND GREECE

Barclayssees Italy back in recession MF
Italianpolice seized €7 million in counterfeit notes L'Agefi

Banca Monte dei Paschi
Italyeyes private deal to bail out bank FinancialTimes
Montedei Paschi to get a capital increase Handelsblatt
Italywants private solution to rescue Monte dei Paschi Jornal De Negócios
Montedei Paschi to explore sale of Antonveneta L'Agefi

Piraeus Bank
Piraeuschairman resigns as Greek banks overhaul boards Reuters
Endof an era for Piraeus as Michalis Sallas resigns Kerdos
PiraeusBank names Harikleia Apalagaki interim president Naftemporiki

NORDIC COUNTRIES

Investmentbanks: Pokémon fever for Norwegian small savers
E24

Københavns Andelskasse
KøbenhavnsAndelskasse: Harsh decision by the FSA FinansWatch

Nordea Bank
Nordeais more optimistic for the second half L'Agefi
CEOof Nordea Denmark: 'It has not been a super fun half' Berlingske Business
Swedishlaw firm sees a number of deficiencies in Nordea
Børsen
NordeaCEO: Tax havens are still allowed for Russian employees FinansWatch
Extraoil impairment does not worry Nordea, says CEO FinansWatch

EASTERN EUROPE

S&Pcuts Turkey's ratings deeper into junk territory The Wall Street Journal
Turkishlira falls to new record low on S&P downgrade Financial Times
Turkeylira falls to record on ratings cut, state of emergency Bloomberg News
Fitch:Turkish bank risks increase following failed coup Reuters

MKB Bank
Hungary'sMKB Bank has new owners
Portfolio.hu

Tinkoff Bank
TinkoffBank pays 100 million rubles in interest rates Vedomosti

The Daily Dose Europe"Headlines" edition aggregates banking, financial services and insuranceheadlines from the websites of a limited number of major European publicationtitles and newswires, with an editorial deadline of 6 a.m. London time.Language translations to English are provided by an automated service and maynot be entirely accurate.