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Friday's headlines, Financials edition

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Friday's headlines, Financials edition

ECB's Rimsevics to Face Corruption Trial in Latvia in November Bloomberg News
European Banks Staring Down Barrel of ECB Rate Cut Seek Relief Bloomberg News

UK AND IRELAND

UK must leave EU on Oct. 31, PM Johnson says when asked about prospect of resigning Reuters
It's up to EU to avoid no-deal Brexit, says UK foreign minister Reuters
Forcing a no-deal Brexit would be 'abuse of power', says Labour's Corbyn Reuters
London will retain financial firepower even in 'worst possible' Brexit, says Central Bank of Ireland City A.M.
U.K. Chancellor Delays Full Spending Review to 2020 Bloomberg News
ETFs pose no threat to financial stability - UK markets watchdog Reuters
UK regulator 'reassured' by first results in ETF probe Financial News
FCA: Ballooning exchange-traded fund sector no threat to financial stability City A.M.
Mozambique Sues Mogul in London Court Over Loan Deal The Wall Street Journal

Arrow Global Group
Profit surges at Arrow Global but assets under management shrink City A.M.

Aviva
Aviva first-half operating profit up 1%, reviews Asia business Reuters
Aviva explores Asia unit options amid sale speculation Financial Times
Profits fall at Aviva Investors as outflows top £5bn Financial News
Aviva Ireland profit rises 7% on Friends First boost The Irish Times
Aviva UK profit dips as result of restructuring but excludes £45m Ogden hit Post

Barclays
Ex-Barclays Executives Face New Charges in 2008 Qatar Fraud Case Bloomberg News
Trio of ex-Barclays execs facing October trial over Qatar financial crisis fundraisings City A.M.

Burford Capital
Burford Capital considers share buyback after Muddy Waters short attack Reuters
Burford Capital shares recover after attacking Muddy Waters report Financial Times
Burford pulls no punches in riposte to short-seller The Times
Listed litigation funders scramble to avoid Burford contagion City A.M.

Co-operative Bank
Co-op Bank bounces back with small firms growth The Times
UPDATE 1-Britain's Co-op Bank posts loss as mortgage competition bites Reuters
Co-op Bank narrows losses but warns over mortgage competition City A.M.

Funding Circle
Funding Circle losses widen as bad debts in UK worsen Financial Times

Hargreaves Lansdown
UPDATE 2-Hargreaves Lansdown weathers Woodford as asset rise lifts shares Reuters
Hargreaves says Woodford effect has been modest Financial Times
Hargreaves Lansdown boss: Woodford should do the 'right thing' over fees Sky News

Hastings Group
UPDATE 1-Hastings profit plunges on new discount rate Reuters
Car crash: Hastings share price sinks as rate change hurts profit City A.M.
Hastings share price dives after profit slashed to £38.2m following Ogden hit Post

HSBC
HSBC's 'Internal Activist' CFO Stevenson Seen as Chief in Waiting Bloomberg News
Tackle investment bank first, investors tell HSBC's caretaker boss Reuters
HSBC appoints O'Byrne as interim global commercial banking boss Reuters

Investec
Investec hit by shareholder protest over auditors Financial Times

Lloyds Banking Group
Trov partners with Lloyds Banking Group to relaunch UK insurance offering Post

Nationwide Building Society
Nationwide to refund £6m to customers for overdraft alert failings Sky News
Nationwide to refund £6m to customers for overdraft charges The Independent

GERMANY, SWITZERLAND AND AUSTRIA

Law enforcement officers accuse former German bankers Börsen-Zeitung
Retail banks have a revenue problem Neue Zürcher Zeitung

Basler Kantonalbank
Basler KB goes worse in 2019 Finanz und Wirtschaft

Commerzbank
The Confederation puts Commerzbank to the test Börsen-Zeitung

Deutsche Bank
Deutsche Bank benefit cuts anger overseas staff Financial Times
Deutsche Bank abolishes loyalty bonus for employees Handelsblatt

DZ Bank
In future, PwC will examine DZ Bank Börsen-Zeitung

Hannover Re
Hannover Re's net income up by 19% in 2019, P&C grows substantially Reinsurance News
Hannover Re's Henchoz says reinsurer 'on track' to hit €1.1bn income targets in Q2 and H1 2019 results Intelligent Insurer
Special income drives Hannover Re Börsen-Zeitung

MLP
MLP achieves sales record Börsen-Zeitung

Münchener Hypothekenbank
Münchener Hyp attracts short-term eco-investors Börsen-Zeitung

Raiffeisen Bank International
UPDATE 1-Raiffeisen Bank International's Q2 net profit beats estimates Reuters
Raiffeisen Bank International is losing profits Börsen-Zeitung
Profit of Raiffeisen Bank International collapses Die Presse
RBI's after-tax profit in Bulgaria grows 13.9% on revenue rise SEENews

Swiss Re
Swiss Re expects global life premiums to grow by 3% in next two years Reinsurance News

UBS Group
UBS Mulls Investment Bank Overhaul With Hundreds of Jobs at Risk Bloomberg News
Papua New Guinea says will fully investigate UBS oil loan Reuters

FRANCE AND BENELUX

Euronext
Euronext transaction value down in summer month De Telegraaf

Groupe BPCE
BPCE injects 150 million euros into Banque Palatine Les Echos

KBC Group
KBC outperforms expectations L'Echo
The Czech Republic helps KBC make a profit jump De Tijd
KBC Group endures interest pressure thanks to the Czech Republic De Standaard
KBC boss wants a tax benefit for all savings products De Tijd
Johan Thijs (KBC) proposes to promote more savings products L'Echo
KBC Ireland to prepare for Central Bank tracker fine The Irish Times
Profit falls at KBC Bank Ireland Irish Independent

SPAIN AND PORTUGAL

Banco BPI
BPI is already charging negative ECB fees to institutional clients Jornal de Negócios

BBVA
BBVA puts Álvaro Aresti in charge of the Castellana Norte District after Béjar leaves for the 'Villarejo case' El País

ITALY AND GREECE

Salvini and Conte Go Toe-to-Toe With Italian Government on Brink Bloomberg News
Marathon for Greek banks Naftemporiki
Red loans remain high, Moody's warns Kathimerini

Banca Popolare di Bari
Italy's Popolare di Bari says core capital still below requirement Reuters
Plan in two stages for Pop Bari MF

Banca Popolare di Sondrio
Pop. Sondrio sells Npl for a billion ANSA
Pop Sondrio sells 1 billion npl MF

Credito Emiliano
Credem to all insurance MF

doValue
doValue pays the placement of 6.25% of the capital by Eurocastle MF

Eurobank Ergasias
Eurobank is proceeding with the sale of real estate worth over $ 100 million Kathimerini

Mediobanca
Mediobanca has collected 390 million from Generali this year MF

UniCredit
UniCredit chairman Fabrizio Saccomanni dies at 76 Financial Times
Chairman of Italy's UniCredit Fabrizio Saccomanni dies suddenly at 76 Reuters
Fabrizio Saccomanni, president of Unicredit, has died AGI

NORDIC COUNTRIES

Norway banks expect unchanged demand for credit in Q3 -c.bank Reuters
Five banks will be trained for the Financial Supervisory Authority as a result of the Flexinvest Fri case FinansWatch
Banks are being forced into severe security system testing FinansWatch
Banks respond to the prospect of negative returns: Sending billions out of bond funds Finans

Danske Bank
Danske's Bid to Block U.S. Class Action Lawsuit Hits Obstacle Bloomberg News
Danske Bank: First decision on possible mass litigation next year Børsen

Hvidbjerg Bank
Hvidbjerg Bank revises expectations again FinansWatch

Nets
Nets creates new company in connection with billion trading FinansWatch

Storebrand
Storebrand prepares for battle for savings - takes technologists into top management E24

EASTERN EUROPE

Russia freezes bank accounts linked to opposition politician Navalny Reuters
Russia's Gazprom says domestic ratings would lower pressure on banks, rates Reuters
Banks Hand Over Documents on Russians Possibly Linked to Trump The Wall Street Journal
Turkey Central Bank Removes Chief Economist, Other Officials Bloomberg News
Banking sector deposits announced Hürriyet
TOBB also expects interest rate cuts from private banks Hürriyet
Serbia Surprises With Second Rate Cut as Concerns Rise on Growth Bloomberg News
Polish banks post PLN 4.73 bln net profit in Q2, up 13.2% y/y - NBP PAP

Československá obchodní banka
ČSOB increased its profit by almost half E15

Nota Bank
The Moscow City Court upheld the verdict for the theft of more than 2 billion rubles of Nota Bank depositors Rapsi News

Piraeus Bank Bulgaria
Piraeus Bank Bulgaria seeks shareholders nod to merge into Eurobank Bulgaria SEENews

Post Bank
Post Bank will open branches in Magnet Vedomosti

Türkiye Cumhuriyeti Ziraat Bankası
Cooperation with Ziraat Bank from the Russian National Card Payment Agency Hürriyet

VTB Bank
Russia's VTB Q2 net profit down by a third on lower interest income Reuters
VTB's net profit fell by a quarter Vedomosti
VTB builds inorganic plans; Bank realizes profit forecast thanks to one-time deals Kommersant

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. Language translations to English are provided by an automated service and may not be entirely accurate.

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