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Friday's headlines, Financials edition

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Friday's headlines, Financials edition

EU bill foresees sanctions for accountants, banks helping dodge tax Reuters
Tax advisers face fines under EU 'avoidance' clampdown Irish Independent
Europe's slow-moving capital markets plan gets Brexit reboot Reuters
Loss of London hub boosts EU capital markets plan The Times
EU vows to reboot integration efforts between markets as it reviews its Capital Markets Union plan City A.M.
European Central Bank keeps interest rates on hold as growth picks up Sky News
ECB Drops Guidance on Rate Cuts in Step Toward Stimulus Exit Bloomberg News
ECB Drops Reference to Future Interest-Rate Cut The Wall Street Journal
ECB rules out rate cut but confirms QE until year end Financial Times
ECB closes door on interest rate cuts but warns of weak inflation The Irish Times
ECB trims core inflation forecasts for 2018-19 Reuters
Draghi Says ECB Needs Patience as Inflation Stays Subdued Bloomberg News
ECB's Draghi drops reference to "downside risks" to economy Reuters
Euro weakens after ECB policy meeting Financial Times
Basel revises guidelines for correspondent banks Börsen-Zeitung
Longevity swap to bulk annuity a viable pension de-risking approach: Aon Artemis

UK AND IRELAND

As Brexit talks loom, shock UK election leaves May hanging by a thread Reuters
May Promises Brexit Cash Giveaway in Final Push for U.K. Votes Bloomberg News
Pound Tumbles After U.K. Exit Polls Show Inconclusive Result Bloomberg News
Pound plunges amid fears over Brexit delays The Guardian
Britain faces annual EU 'access' bill of €5bn after Brexit The Times
Farage warns of second EU referendum risk The Times
Investors reject plan to list Saudi Aramco with 5pc float in London The Daily Telegraph
Saudi Aramco float could damage City's reputation, top investor warns The Times
Saudi Aramco IPO: Royal London Asset Management says it will fight any attempt to bend the rules in potential float City A.M.
Boost for London bid to land Saudi Aramco IPO Financial Times
Big four UK banks on the mend after racking up £66bn of charges in six years, says S&P Global report City A.M.
Ireland Complains of 'Black Propaganda' in Brexit Bank Fight Bloomberg News
Central Bank 'not good enough to attract finance firms to Dublin' The Times
Irish debt still in demand with latest €1bn auction Irish Independent
Insurers in threat to quit 'flawed' Irish market The Times

Allied Irish Banks
State adds to list of groups who can sell AIB shares to public The Irish Times
AIB gets judgment against Glen of the Downs Golf Club landowner The Irish Times

CMC Markets
CMC profits decline amid low market volatility Financial Times
UPDATE 2-CMC Markets says clients know risks they run Reuters

Co-operative Bank
Qatari and Swiss groups plot Co-op Bank bid Sky News
Qatar conglomerate eyes troubled Co-operative Bank The Times
Qatar conglomerate joins Co-op Bank bid The Guardian

HSBC
Former HSBC trader to fight extradition to US in forex case Financial Times
Former HSBC banker faces extradition fight over currency rigging claims The Daily Telegraph
MOVES-HSBC Commercial Banking makes two senior appointments at UK unit Reuters
HSBC partners with AI startup to combat money laundering Reuters

London Stock Exchange Group
LSE eyes more index deals after agreeing to buy Citi's Yield Book Reuters

Standard Life
Standard Life May Propose HDFC Life IPO If Max Life Merger Fails Bloomberg News

GERMANY, SWITZERLAND AND AUSTRIA

Zurich-Based Asset Managers Join Forces finews
Renewed debate over banking laws for expats swissinfo.ch

Berner Kantonalbank
BEKB Launches Digital Transformation finews

Credit Suisse Group
Credit Suisse to cut jobs as it pares back in London Reuters

Deutsche Bank
Exclusive: Deutsche Bank says privacy laws prevent Trump financial disclosures Reuters
Deutsche Bank receives renewed deferral from Volcker Rule Börsen-Zeitung
MOVES-Deutsche Bank hires Nick Richitt to healthcare investment banking team Reuters

Evangelische Bank
Evangelische Bank has new AR chief Börsen-Zeitung

Julius Bär Gruppe

UPDATE 1-Julius Baer battles FIFA corruption fallout as ex-banker set to plead guilty Reuters

KfW
KFW issued international bonds for USD 1,000.0m maturing in 2018 with a 1.375% coupon Cbonds

Swiss Re
Swiss Re GI unit opens Manchester office to target regional business Post
Swiss Re in U.K. Expansion Bid finews

UBS Group

UBS expects 3-3.5 bln Sfr outflows from euro client charge - CFO Reuters
UBS Top Shot Takes Over at Wealth Manager finews
UBS Gets Extension on Volcker Rule Compliance finews
Citi and UBS to coordinate Santander's capital increase to absorb Popular Europa Press

FRANCE AND BENELUX

ABN AMRO Group
ABN Amro says 114 mortgage agents broke its loan application rules Reuters

BNP Paribas
Three BNP Paribas Bankers Said to Depart Credit Team in London Bloomberg News

Crédit Mutuel Group

Crédit Mutuel wants CIC minority interests Börsen-Zeitung

SPAIN AND PORTUGAL

Moody's confirms all Santander's debt ratings and improves Popular's senior debt Europa Press
BBVA, Sabadell, Bankinter and Santander highlight the digitization as an opportunity for internal transformation Europa Press
BBVA, Santander, Bankinter and Sabadell charge against protectionism but remain optimistic Europa Press
Bankers agree that over-regulation inhibits their ability to improve Europa Press
Caruana (BIS) warns of "not lowering the guard" nor reduce the coefficients of capital of the bank Europa Press
José de Matos is the new president of the pension funds of Banco de Portugal Jornal De Negócios
Government has already submitted a proposal to banks on poor credit Jornal De Negócios

Banco Popular Español
ECB's Constancio says bank run triggered Banco Popular rescue Reuters
Banco Popular faced eurozone's first large-scale bank run, ECB says Financial Times
Run on Banco Popular prompted rescue by Santander, ECB says The Times
Banco Popular burnt through €3.6bn in two days ahead of rescue Financial Times
Banco Popular sale a 'successful example' of bank resolution system – EU's Dombrovskis Financial Times
Saracho and Del Valle, target of the shareholders of Banco Popular who have begun to mobilize El Mundo
Popular minority shareholders denounce Saracho's management before the Anti-Corruption Prosecutor's Office Expansión
Popular shareholders who participated in capital increase have until 2019 to complain Europa Press
DBRS improves up to seven steps Popular rating with 'stable' outlook Europa Press

Banco Santander
Santander moves to the unions that will not keep the Popular brand when the integration ends Europa Press

BBVA
BBVA says it did not submit a bid for Popular at any time Expansión

Ibercaja Banco
ESIC and Ibercaja launch superior digital transformation program for SMEs Europa Press

Liberbank
Liberbank falls 18% against uncertainty generated by Popular's resolution Europa Press
The CEO of Liberbank increases its stake in the entity to 0.048% Europa Press

ITALY AND GREECE

Italian banks consider joint rescue of Veneto banks - sources Reuters
Italy Banks Said in Talks With Authorities on Veneto Lenders Aid Bloomberg News
Wind-down of Veneto banks would cost other lenders 11 bln euros - sources Reuters
Venetian, Intesa opened a system solution MF
EU's Dombrovskis urges lenders to unblock new loans for Greece Reuters
Greece says it will accept any solution that will allow sustainable debt Expansión
EU's Moscovici says Greece's creditors 'shouldn't play with fire' Reuters

FinecoBank Banca Fineco
BRIEF-Finecobank Banca total net inflows in May at EUR 464 million Reuters

Intesa Sanpaolo
Intesa accelerates cost reduction Börsen-Zeitung
Intesa Sanpaolo strengthens the branches dedicated to wealthy clients MF

UniCredit

Unicredit wants to get off the fund Börsen-Zeitung

Unione di Banche Italiane
Capital increase Ubi discount of 26.1% MF
Ubi Increase to 26% discount MF

NORDIC COUNTRIES

UPDATE 2-Swedish government softens plans for higher bank bailout fees Reuters
Revised Swedish bank tax could cost Danish bank billions FinansWatch
Danish insurance companies lagging behind products against cybercrime FinansWatch

Nets
Nets loses Finnish contract Financial Group OP FinansWatch

Nordea Bank
Nordea Wins Concessions From Swedish Government After HQ Threats Bloomberg News
Nordea: Too early to comment on the effect on relocation plans FinansWatch
Nordea heading in C20 Cap FinansWatch

Saxo Privatbank
New branch manager in Saxo Privatbank FinansWatch

EASTERN EUROPE

Merkel and Macron Hand Boost to Bulgaria's Euro Aspirations Bloomberg News
Serbian President Urges Balkan Neighbors to Mull Creating Single Economic Zone Sputnik News
Rate-setters stand by monetary policy, minutes show Budapest Business Journal
WSE launches start-up accelerator Warsaw Business Journal
Cashier takes nearly EUR 300,000 from bank in Romania Romania Insider
Turkey issued international bonds for EUR 1,000.0m maturing in 2025 with a 3.25% coupon Cbonds

Alpha Bank Romania
Alpha Bank Romania gets EUR 50 loan from IFC Romania Insider

Banca Comerciala Romana
Largest bank in Romania finishes funds for First House program Romania Insider

Bank Pekao
Pekao replaces entire supervisory board Warsaw Business Journal

Nova Ljubljanska Banka
UPDATE 1-Slovenia abandons the sale of largest bank NLB Reuters

Sberbank of Russia
Russia's Sberbank files lawsuit against new debt raising for Agrokor Reuters
Russia's Sberbank says Croatian court rejects claim on Agrokor new loan Reuters
Sberbank has not proven client qualification Kommersant
Sberbank will appeal against the court decision on the deal with "Transneft" Vedomosti

UNIBANK
AMD-denominated coupon bonds by Unibank listed on NASDAQ OMX Armenia ArmBanks

VTB Bank
VTB has filed a lawsuit against the co-owner of "Yulmart" for 650 million rubles Vedomosti

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.