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Tuesday's headlines, Financials edition

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Tuesday's headlines, Financials edition

EU states set for squabble over who gets London's agencies after Brexit Reuters
EU countries are pitted against each other to win competition to relocate EU agencies from London City A.M.
ECB Urges Fines for European States Breaking Reform Rules The Wall Street Journal
Ireland applies to host European Banking Authority after Brexit The Irish Times
Luxembourg presents its candidacy to host the EBA Europa Press

UK AND IRELAND

Banks May Be Hit With $50 Billion Capital Needs After Brexit Bloomberg News
Brexit projected to push up banks' costs 4% and capital needs 30% Financial Times
Britain could lose 40,000 investment bankers after Brexit: report Reuters
Transitional Brexit deal crucial for UK banks - senior UK lawmaker Reuters
Treasury Committee's Morgan Pushes BOE on Brexit Transition View Bloomberg News
FCA weighs taking action over unarranged overdrafts Financial Times
UPDATE 3-UK regulator says fee cap may not solve overdraft concerns Reuters
UK proposes new start-up fund as EU finance risks drying up Reuters
BOE Rate Excitement Fizzles as Increase Appears Further Away Bloomberg News
Bank of England strike goes ahead as talks fail Sky News
Bank of England staff to protest on Threadneedle Street in row over pay City A.M.
Digital challenger bank Revolut smashes more crowdfunding records with Seedrs campaign City A.M.
Retailers back increase in contactless payment limit as transactions jump City A.M.
Questgates acquires majority interest in Hyperion Adjusters Post
Whiplash crackdown laws under threat amid new court ruling, says lawyer Insurance Times
GDPR to boost UK cyber insurance take up, says Hiscox CEO Post
Dale Underwriting Partners receives Lloyd's nod on contingency SPA Post
Aeolus gains £51m investment from London Pensions Fund Authority Artemis
Elite took regulator to court in lead up to closure Post
Ogden decision to be unveiled this week Post
Britain's pension gulf dramatically falls in July... but is still bigger than three years ago City A.M.
Stars align for pensions as lower longevity reinsurance pricing feeds in: Aon Artemis

Allied Irish Banks
AIB sues insurers over failure to cover Rusnak losses The Irish Times
AIB sues to recover rogue trader loss Irish Independent
AIB's Pym and Byrne start to buy shares in newly-floated bank The Irish Times

Bank of Ireland
Dublin GAA star joins Bank of Ireland The Irish Times

Hiscox
Underwriter Hiscox's H1 profit rises 12.5 pct on retail push Reuters
Hiscox sees profit and GWP rise in H1 Post
Hiscox ILS business continues to drive growth, assets surpass $1.35bn Artemis
Hiscox ends its exposure to political risk The Times

HSBC
HSBC's Brexit Price Tag: $300,000 to Move Each Bank Job to Paris Bloomberg News
HSBC puts its Brexit relocation costs at up to $300 million Reuters
BRIEF-HSBC updates on share buy-back Reuters
HSBC shares rise 3% on new share buy-back pledge Financial Times

Man Group
Man Group Hedge Funds Are Said to Embrace Machine-Learning Algos Bloomberg News

Permanent TSB Group
Court rejects PTSB investor group's 2011 bailout challenge The Irish Times
PTSB shares lose 2.4% amid negative commentary The Irish Times

Standard Life
India's Max Financial calls off merger with HDFC Standard Life Insurance Reuters

GERMANY, SWITZERLAND AND AUSTRIA

Swiss banks defy Brexit to recruit in London swissinfo.ch
Swiss banks paid $1 billion in negative interest rates in first half Reuters
UPDATE 2-Swiss central bank's H1 profit hit by forex loss Reuters
Auxmoney comes on N26 platform Börsen-Zeitung
Fintech Dentolo receives funding Börsen-Zeitung

Julius Bär Gruppe
Julius Baer Hires From Swiss Rival finews

KfW
KfW increases profit in the first half year Handelsblatt
KfW breaks record in residential loans Börsen-Zeitung

Reyl & Cie
Banque Reyl Buries Cahuzac Affair finews

Swiss Re

Swiss Re Capital Markets hires Ed Johnson as VP ILS Structurer Artemis

FRANCE AND BENELUX

Fitch confirms France's "AA" rating L'Agefi

Amundi
Amundi puts his hand on Cœur Défense L'Agefi

BNP Paribas

UPDATE 1-BNP Paribas to expand property business in Britain Reuters
BNP Paribas acquires UK real-estate group Financial Times
BNP Paribas snaps up estate agent Strutt & Parker The Daily Telegraph
Brazil's JBS taps BNP Paribas for Moy Park sale, source says Reuters

CNP Assurances
CNP Assurances: net profit up (1S) Le Figaro
CNP Assurances strengthened in the evolution of its business model Les Echos

Coface
Coface improves its target annual loss ratio L'Agefi

SPAIN AND PORTUGAL

Five Portuguese banks' losses in the first half total 339 million Jornal Económico
Euríbor closes July at a new low of -0.154% and will lower mortgages by 63 euros per year Europa Press
The assets of mutual funds rose by 0.7% in July, according to Inverco Europa Press

Banco de Sabadell
Banco Sabadell closes the sale of its US retail banking subsidiary by almost 850 million Europa Press

Banco Popular Español

Blackstone in talks to buy stake in Banco Popular property portfolio Financial Times
Banco Popular says in exclusive talks with Blackstone Reuters

Banco Santander
Santander will sell this month 30,000 million 'brick' of Popular El Mundo
Santander will pay its second dividend on November 3 Europa Press
The CNMC authorizes the repurchase by Santander of 51% that it does not control in its TPVs business Europa Press
UPDATE 1-Santander Brasil sees fee goals feasible despite recession Reuters

Ibercaja Banco
Ibercaja achieved a net profit of 41.7 million and a 4.4% increase in its customer resources Europa Press

Novacaixagalicia

The former president of Novacaixagalicia, released six months later El Mundo

Novo Banco
Novo Banco "Ratings" close to the "default" Jornal De Negócios
The largest number of outflows in the first half of the year took place in the Novo Banco Expresso

Unicaja Banco

Unicaja earns 85.7 million until June, down 37.9% El País
Unicaja Banco achieves profit of 86 million in the first half of 2017 El Mundo

ITALY AND GREECE

BRIEF-Italy's banking lobby sees 30 bln euro drop in net bad loan stock in 2017-19 Reuters

Azimut Holding
Azimut raises on Futurimpresa and on private equity MF

Banca Carige

UPDATE 1-Carige aims for 200 mln euro capital boost from asset sales Reuters
Carige starts production process ANSA
Carige flies after launching sales, a new industrial plan in September Il Sole 24 Ore

doBank
BRIEF-DoBank subscribes services contracts for UniCredit bad loan securitisation Reuters

FinecoBank Banca Fineco
FinecoBank, record highs to 104 million (+ 3.2%) MF

Prelios

Prelios, Chinese bid rejected MF

UniCredit
Ardian acquires infrastructure portfolio from UniCredit L'Agefi

NORDIC COUNTRIES

Danish banks will not touch criticized key interest rates FinansWatch
Norway keeps crown purchases unchanged at NOK 850 mln per day in August Reuters
Danske and Nordea at the bottom of the Miranova survey FinansWatch

PFA Pension Forsikrings
More customers log in to PFA FinansWatch

Sparekassen Balling
Sparekasse's core business develops "very satisfying" FinansWatch

EASTERN EUROPE

Europe's First Rate Hike May Be Coming This Week Bloomberg News
S&P: Lower EU funds might affect CEE countries ratings Warsaw Business Journal
Judicial reforms negative to Poland's credit rating – Moody's Warsaw Business Journal
Poland's mortgage loan act implementation seen credit positive for banks - Moody's PAP
Poland's proposed CIT amendment could affect brokerages, insurers, stifle corporate investments - KNF PAP
Polish banks hold interest rates flat on new deposits in June - NBP PAP
Polish banks reverse recent increases in average interest rates on select new loans in June - NBP PAP
FinMin: Debt financing reaches 71% Warsaw Business Journal
Konzum fund manager takes over HUF 11.9 bln real estate fund from Diófa Budapest Business Journal
Romanian Govt. secretly prepares bill amending special pensions law Romania Insider
Romania's insurance market up 8% in Q1 Romania Insider
Fiscal consultants warn about social contribution change in Romania Romania Insider
Latest ranking of Hungarian banks show major changes Portfolio.hu

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.