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In This List

Monday's headlines, Financials edition

Blog

Insight Weekly: Fed's policy stance; overdrafts under scrutiny; energy stocks rally

Case Study

A Chinese Bank Strengthens its Credit Risk Assessments

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition


Monday's headlines, Financials edition

Banks will have eight years to write down bad debts under new EU rules: source Reuters
May Proposes Blurring Her Brexit Red Line on ECJ Bloomberg News
EU's Tusk Slams U.K. Brexit Position as Based on 'Pure Illusion' Bloomberg News
UK's Brexit plan 'pure illusion', says Donald Tusk Financial Times
EU Leaders Go to Battle Over Plugging Post-Brexit Budget Gap Bloomberg News
EU to propose pan-EU covered bond rules Reuters
UPDATE 1-ECB has enough bonds to safely retreat from new buys - Coeure Reuters
Cyclone Thomas / Doris insured loss finalised at EUR 248m Artemis
Perils trims estimate for Doris to EUR248mn The Insurance Insider

UK AND IRELAND

Jeremy Corbyn unveils plan to use Brexit for nationalisation agenda City A.M.
U.K. Labour Seeks Customs Union With EU, Piling Pressure on May Bloomberg News
Bank deputy governor Sir Dave Ramsden sees swifter rate rises The Sunday Times
Bank of England's deputy dove Sir Dave Ramsden says faster rate hikes are coming City A.M.
Withdrawal of Bank of England's Term Funding Scheme cheap money punchbowl to raise mortgage borrowing costs City A.M.
Legal limbo looms for banks in Brexit transition tumult Reuters
Fintech Revolut Britain's first digital bank to break even Reuters
Britain puts $35 million into natural disaster hedge fund Reuters
One in five top British insurance employees are women -survey Reuters
ECB should give Irish banks relief over bad loans, says KBC Ireland chief The Irish Times
Former INBS head Michael Fingleton 'not keen' on bad loans committee The Irish Times

Axa UK
Axa UK to grow schemes book to £250m by 2020 Post

Lloyd's of London
Lloyd's pumps 130 million in Belgian subsidiary De Tijd

Lloyds Banking Group
Lloyds and PwC face £55m court case from motor dealer who says the firms forced it out of business City A.M.
Former Lloyds chief Eric Daniels sues bank for £1m share award Financial Times

Metro Bank
Metro Bank buys £523m of buy-to-let mortgages Financial Times
Metro Bank buys $731 million mortgage portfolio from Cerberus Reuters

MS Amlin
MS Amlin pulls backing from Ortac MGA The Insurance Insider

Royal Bank of Scotland
MPs urge Financial Conduct Authority to get tough with RBS over small business compensation The Times
RBS First Profit in Decade Clouded by Costs and Litigation Bloomberg News
Royal Bank of Scotland profit milestone overshadowed by DOJ impasse Reuters
RBS, led by Ross McEwan, to resume dividend once Americans sign sub-prime deal The Sunday Times
RBS Chief Executive Ross McEwan's pay falls 6 pct to 3.5 mln pounds Reuters
RBS Cuts CEO Potential Share Award 10% After Poor Customer Score Bloomberg News
RBS reports first annual profit in a decade Sky News
RBS' Female Staff Paid 37% Less on Average Than Men Bloomberg News

Standard Life Aberdeen
Aberdeen Standard Investments picks Dublin for new EU base City A.M.
Standard Life Aberdeen seals shift into asset management Financial Times
Standard Life Aberdeen CEOs hit merger pay jackpot Reuters

Ulster Bank
Ulster Bank risks political backlash with distressed loan plan Reuters

GERMANY, SWITZERLAND AND AUSTRIA

Switzerland's stock exchange chairman calls for 'e-franc' Financial Times
Germany rejects extradition of bankers to Britain in Euribor case Reuters

Allianz
BRIEF-Allianz To File A Further Tender Offer For Remaining Euler Hermes Shares Reuters
Allianz plans Euler Hermes squeeze-out after building stake The Insurance Insider
Allianz to buy remaining 5% of Euler Hermes shares in squeeze-out Reinsurance News

Banque Cantonale de Fribourg
Friborg Cantonal Bank - an "old lady without wrinkles" finews.ch

Banque Cantonale de Genève
Geneva Cantonal Bank appoints new head of division Geneva finews.ch

Banque Cramer & Cie
Banque Cramer: Renewed change of staff in the executive suite finews.ch

Credit Suisse
Credit Suisse shows teeth in US procedures finews.ch
Credit Suisse seeks to challenge court ruling on hedge funds Neue Zürcher Zeitung
Credit Suisse to fight on after setback in Lake Las Vegas resort case Reuters

Deutsche Bank
Four Ex-Deutsche Bank Traders Evade U.K. Euribor Case Bloomberg News

HSH Nordbank
JC Flowers and Cerberus close in on HSH Nordbank Financial Times

Liechtensteinische Landesbank
LLB takes over Swiss fund company finews.ch

PostFinance
PostFinance is looking for 1 to 2 billion francs Neue Zürcher Zeitung

Swiss Re
Expensive 2017 for the Swiss Re finews.ch
REFILE-UPDATE 2-Swiss Re rules out capital hike for any SoftBank deal Reuters
Swiss Re grows book 8% at renewals, after $4.7bn catastrophe loss Artemis
Swiss Re profits drop 91 percent on cat losses The Insurance Insider
Swiss Re Says Adding Anchor Shareholder Would Be `Attractive' Bloomberg News

Zurich Insurance Group
Zurich acquires QBE's Latin American business Handelsblatt
Zurich Insurance buys QBE's Latam business for $409 million Reuters

FRANCE AND BENELUX

Competition curbs French bank charge increases for 2018 Reuters
National Bank warns: Half Belgians lend too generously to housing De Standaard

Belfius Banque
Belfius sees earnings up sharply De Standaard

Crédit Agricole
Crédit Agricole reinvests capital at LCL L'Agefi
UPDATE 1-Credit Agricole to inject 1.2 bln eur in French retail unit LCL Reuters

NIBC Bank
Exclusive: Dutch lender NIBC Bank to launch IPO next week - sources Reuters
NIBC wants to quote Damrak De Telegraaf

Rabobank
Rabobank continues to limit the number of local banks De Telegraaf

VDK Spaarbank
Local vdk bank has a future: the counter remains open De Standaard

SPAIN AND PORTUGAL

The FROB will strengthen the resolution collaboration with the Bank of Spain and the CNMV Europa Press
Banco de Portugal: Customers with minimum services can have mortgage loans Jornal de Negócios
Bank of Portugal says banks are sending commission statements Jornal de Negócios
Banco de Portugal will allow comparisons between 80 banking commissions Jornal de Notícias

Abanca Corporación Bancaria
Abanca aims to reach 2020 with a delinquency of less than 3% and business for more than 75,000 million Europa Press

Banco de Sabadell
Banco Sabadell invests in 52 technological startups since 2013 Europa Press
The Sabadell plans to shoot its profit and earn close to 1,500 million in 2020 El País
Spain's Sabadell raises profitability target to 13 pct by 2020 Reuters

Bankia
Aviva completes its exit from Spain by selling its subsidiary in BMN to Bankia Cinco Días
Bankia buys 50% of the insurers Caja Granada Vida and Cajamurcia Vida for 225 million Europa Press
Bankia presents its strategic plan 2018-2020 on Tuesday Europa Press

Haitong Bank
Haitong Bank completes sale of subsidiaries in London and New York for almost 24 ME Jornal de Notícias
Haitong Bank fits in with 13.2 million euros from the sale of subsidiaries in London and New York Jornal Económico

Kutxabank
The increase in loans boosts the benefit of Kutxabank El Mundo

Liberbank
Liberbank increased by 62% the formalization of new mortgages in 2017, up to 12,300 Europa Press

Novo Banco
Novo Banco loses 1.5 billion in 2017 Jornal Económico

ITALY AND GREECE

Italy's bad corporate loans to fall to pre-crisis levels by 2019 Reuters
BRIEF-Italy ministry signs decree to sell Veneto banks' deteriorated loans Reuters
ECB urges Greek banks to reduce non-performing loans Neue Zürcher Zeitung
Veneto banks, Padoan signs decree assignment on impaired loansIl Sole 24 Ore
Creditors of the Veneto region, by April 23 requests for repayment Il Sole 24 Ore
Veneto banks: transfer of Npl to Sg ANSA

NORDIC COUNTRIES

UPDATE 1-Inflation worries may delay Swedish c.bank's rate hike cycle Reuters
Inflation in the Riksbank's Executive Board Sydsvenskan

EASTERN EUROPE

S & P upgraded Russia's rating to investment grade Vedomosti
S&P gives Russia pre-election boost with rating upgrade Reuters
Romania's anti-graft chief wins high-level backing after dismissal call Reuters
Polish fund hikes bank payment requirements in 2018 to 2.2 bln zloty Reuters

ABLV Bank
ECB pulls the plug on Latvia's failing ABLV Bank Reuters
Europe to Wind Down Latvian Bank Targeted by U.S. Over Sanctions Bloomberg News
Latvian bank ABLV to be wound up by EU authorities Financial Times
Latvia's ABLV declared failing, to be wound up: SRB Reuters
Latvia calls emergency meeting to limit fallout from bank collapse Financial Times
Latvia calls emergency meeting after third-largest bank fails Reuters
Latvia ready to respond to any ripple effects of ABLV's troubles: govt Reuters
Latvian financial supervisor sees no 'panic' over ABLV bank Reuters
Latvia cenbank says loaned 297 mln euros this week to lender ABLV Reuters

QNB Finansbank
BRIEF-QNB Finansbank To Pay Dividend At Net 0.2537 Lira Per Share For FY 2017 Reuters

Türkiye Sinai Kalkinma Bankasi
BRIEF-Turkiye Sinai Kalkinma Bankasi To Increase Share Capital To 2.8 Bln Lira From 2.4 Bln Lira?? Reuters

The Daily Dose Europe "Headlines" edition aggregates banking, financial services and insurance headlines from the websites of a limited number of major European publication titles and newswires, with an editorial deadline of 6 a.m. London time. Some external links may require a subscription. Language translations to English are provided by an automated service and may not be entirely accurate.