* ECB President Mario Draghi has called on the eurozone to deepen its banking union and create a new fiscal "instrument" to help absorb shocks. Draghi also called for fiscal measures to share the burden of any future crisis across the economically disparate bloc.
UK AND IRELAND
* The U.K. Financial Conduct and Prudential Regulation authorities have fined Barclays PLC CEO Jes Staley a total of £642,430 in relation to his attempts to unmask a whistleblower in June 2016.
* Royal Bank of Scotland Group PLC CEO Ross McEwan told London-based LBC Radio that he intends to stay with the lender for a "little longer" and that he has a plan through 2020 for RBS, Reuters reported. McEwan also added the bank could close more branches in its England and Wales network.
* Santander UK Group Holdings Plc is planning to establish a stand-alone digital bank in the U.K. that will focus on small companies and offer services beyond traditional lending, The Daily Telegraph wrote.
* Lloyds Bank PLC disclosed a fresh funding round of £2 billion as part of Lloyds Banking Group PLC's clean growth finance scheme, City A.M. reported.
* The U.K.'s finance industry has asked the government to offer a special, post-Brexit work visa waiver to foreign staff posted to Britain for less than six months and to avoid rigid caps on workers in the sector from the EU, insiders told Reuters.
* Andy Briggs, CEO of Aviva PLC's Aviva U.K. Insurance, expressed concerns regarding the so-called contingent charging model used by financial advisers operating in the defined-benefit pension transfers market, saying the model could lead to poor outcomes for savers, the Financial Times wrote.
* Paragon Banking Group Plc named Fiona Clutterbuck chair of the company and subsidiary Paragon Bank PLC, effective May 10.
* U.S. private equity firm Cerberus Capital Management is the front-runner to purchase a nonperforming loans portfolio from Allied Irish Banks Plc that was worth €3.8 billion when the sale was first mooted, but has shrunk significantly, sources told The Irish Times.
* The Irish central bank set AIB Group Plc a minimum requirement for own funds and eligible liabilities target of 28.04% of risk-weighted assets as of the December 2016 balance sheet that must be held at group level by Jan. 1, 2021.
GERMANY, SWITZERLAND AND AUSTRIA
* Deutsche Bank AG named Ram Nayak and Mark Fedorcik co-presidents of its corporate and investment banking division, the Financial Times wrote. John Pipilis will replace Nayak as head of fixed income trading, while Fedorcik will continue to run the lender's U.S. corporate finance business. Nayak told the FT that Deutsche Bank is "doing a much better job on a systemic basis" in evaluating the "underperformers" in its corporate and investment banking arm.
* In a speech in Singapore this morning, Deutsche Bank CEO Christian Sewing said the lender intends to "stay strong" in Asia, which he described as "fundamental to the bank's global business," Bloomberg News noted.
* Meanwhile, Deutsche Bank Deputy co-CEO Markus Schenck, who will leave the bank at the end of this month, told Sonntagszeitung that he voluntarily refrained from accepting any additional compensation, as opposed to former CEO John Cryan, who received €10 million in severance payout.
* The smartphone payment solution Yomo, a joint development of Germany's savings banks that was initially due to be launched later this year, is facing technical problems and will be put into operation not before 2019, Handelsblatt reported, adding that Die Sparkasse Bremen AG and Hamburger Sparkasse AG are quitting the project.
* Berliner Volksbank eG will cut 115 more jobs, or about 10% of its total staff, over the coming two years after it already reduced the number of employees by 80 last year, Handelsblatt wrote.
* The planned sale of Falcon Private Bank AG is facing difficulties as potential buyers are reluctant to acquire a company that continues to be under investigation in connection with Malaysia's government investment fund 1MDB, Reuters reported.
* UBS Group AG plans to expand its business with ultrahigh-net-worth clients across the globe significantly from current AUM of CHF1.2 billion, Josef Stadler, head of global ultrahigh-net-worth at UBS Wealth Management, told Handelszeitung.
* Julius Bär Gruppe AG CEO Bernhard Hodler told Handelsblatt that the bank aims at growing its asset management business in Europe and also would look into the possibility of acquisitions in case "the price and quality" of a target would be appropriate.
FRANCE AND BENELUX
* ABN Amro Group NV reported first-quarter consolidated profit attributable to owners of the parent company of €555 million, down from €601 million in the same period in 2017. The Dutch group said that from 2018 onward, the dividend payout ratio has been set at 50% of sustainable profit, excluding exceptional items that significantly distort profitability.
* Natixis appointed John-Charles van Essche as global head of restructuring and workout, effective June 1, replacing Carol Le Chevallier, a spokesperson confirmed to Reuters.
SPAIN AND PORTUGAL
* Bankia SA Executive Director Carlos Egea Krauel has predicted that the Spanish banking industry will be reduced to six large entities in the near future due to the process of banks merging, Europa Press reported. The map of the sector "will end with six large entities, half of those existing today," he said.
* Portugal's Caixa Geral de Depósitos SA has renegotiated with the European Commission the conditions of a planned debt issuance that is part of the state-run bank's recapitalization program, potentially saving the lender €100 million, Jornal de Negócios reported. The plan had initially envisioned the issuance of riskier additional Tier 1 equity instruments, but as a result of the renegotiation with Brussels, the bank will now issue lower-yielding Tier 2 securities.
* Meanwhile, CEO Paulo Macedo said Caixa Geral de Depósitos' efforts to sell its foreign operations were behind schedule in Brazil while the sale of Spanish unit Banco Caixa Geral SA and South African operation, Mercantile Bank, were more advanced, Jornal de Negócios said.
* Portugal's parliament has approved legislation obliging banks to reflect negative euro interbank offered rate in the interest payments made by mortgage customers, the official Lusa news agency reported.
ITALY AND GREECE
* Italy's Five Star Movement said Sunday evening that it has agreed the outlines of a governing program with the anti-immigration League party, clearing the path for a potential coalition government in the country, according to The Wall Street Journal.
* Banca Carige SpA reported an IFRS 9 first-quarter net profit attributable to the parent of €6.4 million, compared to a year-ago loss of €41.1 million.
* The Swedish Financial Supervisory Authority said most savings banks in the country are handling market risks in an acceptable manner, Realtid reported.
* Apple Pay will soon be launched in Norway, E24 reported. The head of Visa Norway, Jens Nes, said the payment solution will be launched shortly, but could not say the exact date.
* Otkritie Financial Corp. Bank CEO Mikhail Zadornov told the Financial Times the Russian central bank may face additional costs to the 626 billion Russian rubles it has spent so far in recapitalizing Otkritie and B&N Bank and the 1.1 trillion rubles being paid to ring-fence their bad assets. The value of nonperforming assets at Otkritie Financial stood at 420 billion Russian rubles at the beginning of 2018, Reuters reported.
* PAO Promsvyazbank and JSC Russian Agricultural Bank could each get 5 billion Russian rubles from Russia's budget in 2018, Vedomosti reported.
* The Russian central bank plans to stop publishing certain parts of reporting information on the financial performance of banking group members, including leasing, insurance and management companies, Kommersant wrote.
* Several hundred of GetBack SA employees could part with the company as the result of its planned restructuring, Parkiet reported.
* The Slovenian central bank's acting head, Primoz Dolenc, was cited by Reuters as saying that local lenders are in a good shape and have sufficient levels of liquidity, but need to further reduce bad loans to be prepared for downturns of the economic cycle.
IN OTHER PARTS OF THE WORLD
Asia-Pacific: SoftBank in talks to sell Flipkart stake to Walmart; Trump working to save ZTE
Middle East & Africa: S&P upgrades Egypt; Fidelity Bank Ghana seeks M&A deals
NOW FEATURED ON S&P GLOBAL MARKET INTELLIGENCE
Monte dei Paschi eyes 10% bad loan ratio as cleanup draws ahead of target: The bailed out Italian bank upgraded its asset quality targets after the securitization and sale of toxic loans moved faster than it had forecast, its CEO Marco Morelli said.
Sanjeev Gupta promises rapid expansion of his new emerging markets bank: The British industrialist plans to use the U.K. subsidiary of Nigeria's Diamond Bank to help mid-sized industrial firms boost their trade in Commonwealth markets after Brexit.
Sheryl Obejera, Arno Maierbrugger, Meike Wijers, Esben Svendsen, Beata Fojcik, Yael Schrage, Stephanie Salti, Sophie Davies and Helen Popper contributed to this report.
The Daily Dose has an editorial deadline of 7 a.m. London time. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.