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Monday's headlines, Financials edition


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Monday's headlines, Financials edition

Editor's Note: The Daily Dose Europe Headlines edition will not be published Dec. 24, 25 and 26 on account of the holidays. The feature will return Dec. 27.

FT poll: Christine Lagarde expected to change ECB inflation target Financial Times
ECB's Knot says low rate policy risks becoming counterproductive Reuters
EU-UK trade deal must share social and environmental standards, says Barnier City A.M.
"Banking is a declining industry that will reduce its size by half" El País
Challenges for European banking actions in 2020 Jornal de Negócios


Johnson Wins Vote on Deal, Urges MPs to Move On: Brexit Update Bloomberg News
New Bank of England Governor Andrew Bailey must prove his economic credentials The Telegraph
New Bank governor Andrew Bailey takes cut to his salary The Times
New Bank of England governor offers stability Financial Times
ABI endorses new Bank of England governor Bailey Reinsurance News
'A very unimaginative appointment': The critics' take on BoE governor Bailey Financial News
Carney leaves a BoE more in tune with the modern world Financial Times
Bank of England slip-up shines light on traders' rapid-fire audio news Financial Times
U.K. Bank Ring Fence May Store Up as Much Trouble as Brexit Bloomberg News
UK corporate pension transfer market set for record year Financial Times
Pensions levy may be raised after European court ruling The Times
SoftBank pays UK fund directors $13m despite $100m loss Financial News
Government caught on the horns of an insurance dilemma The Irish Times
US investment firm Eaton Vance sets up shop in Dublin ahead of Brexit The Irish Times

AIB Group
AIB lures Tesco Ireland executive to chief people officer role The Irish Times

Aviva open to attack after chief rejects split The Times

BlueCrest Capital Management
Ex-hedge fund BlueCrest extends winning run with 50% gain this year Financial Times

Brit Ltd.
Brit eyes Sussex Capital expansion, seeing good support ahead of 1/1: Sullivan, Allan Artemis

Harwood Wealth Management Group
Carlyle swoops on wealth manager Harwood in £100m deal Sky News

Bank of England audio-feed dispute draws in investment banks Financial Times
HSBC, JPMorgan used Bank of England audio-feed now under probe: FT Reuters
HSBC and JPMorgan Traders Accessed BOE Audio Feed, FT Says Bloomberg News
Hong Kong protesters call for HSBC boycott over fund closure Financial Times
HSBC Defends Itself After Shuttered Account Linked to Hong Kong Arrests Bloomberg News
Ex-HSBC North America Interest Rate Head Sued for Fraud Bloomberg News

ICBC Standard Bank
ICBC Standard aborts plan to shut base metals unit Reuters

Mattioli Woods
Mattioli Woods splashes out £1.6m on financial planner International Adviser
Mattioli Woods buys advice firm for £1.6m FTAdviser

Early Spotify backer TCV in talks to back $7bn fintech Revolut Sky News
Revolut in the money The Times

Standard Life Aberdeen
Standard Life Aberdeen to take on Woodford's second suspended fund Financial News
Standard Life Investments to manage smaller Woodford fund Reuters
Woodford loses control of final fund Income Focus The Times

Starling Bank
Starling co-founder to launch crypto digital bank Financial News

TSB Banking Group
TSB disaster chief goes back to Spain The Sunday Times


Brexit clarity helped Germany avert recession: German economy minister Reuters
German finance minister: tax on share dealing could be extended to other assets Reuters
Ralph Ebert: «Compliance Meets Global Regulatory Warming»

Canopius recruits trade & political risk underwriter from Acappella Reinsurance News

Coutts & Co
Coutts & Co to pay additional $27.9 million under U.S. agreement Reuters

Credit Suisse
Thiam wins power struggle at Credit Suisse SonntagsZeitung
Second Credit Suisse spying probe expected to clear CEO Thiam: SonntagsZeitung Reuters
Spying inquiry raises pressure on Tidjane Thiam of Credit Suisse The Times
Credit Suisse to Borrow from Khan Playbook in Latest Scandal Bloomberg News
Credit Suisse under fire as Swiss watchdog steps up snooping scrutiny Reuters
Credit Suisse probed by Finma over spying Financial Times
Credit Suisse: FINMA appoints independent investigator
Swiss Regulator Orders Credit Suisse Spy Probe

DWS Group
Fund provider DWS is under the spell of Deutsche Bank Handelsblatt

Munich Re
Munich Re lists $54.6m Eden Re sidecar tranche, preps Leo Re renewal for PGGM Artemis

UBS Group
UBS equities trading veteran Richard Semark exits after 16 years Financial News
UBS to Charge French Clients Interest

Vontobel Holding
Vontobel: Not everyone does the conversion


France loosens supervision of 'colonial' west African currency Financial Times
Macron vows to forgo special presidential pension amid strikes Financial Times
Bank director breaks out of the school: professional ban De Telegraaf
Banks lobby wants stricter rules for fintech Het Financieele Dagblad

France's Amundi wins approval for venture with Bank of China Wealth Management Reuters

Dieter Haerens will head the Belgian BinckBank branch De Tijd

Dierickx, Leys Private Bank
Dierickx Leys takes over the stock market company Lawaisse De Standaard
Dierickx Leys private bank takes over Lawaisse De Tijd

ING Groep
ING is considering bid for Polish subsidiary Commerzbank Het Financieele Dagblad


Communities will need 37,000 million to finance themselves in 2020 El País
The Bank of Spain advances that the economy grew by 2% in 2019 El País
Banco de Valencia, CatalunyaCaixa and NCG exceed Bankia aid, according to Frob Expansión
2020 budget has over 700 million euros for bankrupt banks Diário de Notícias
Marcelo says banking support prevented "collapse of national economy" Jornal de Notícias
Mário Centeno admits Eurogroup work is “done” and winks at Banco de Portugal Jornal Económico
Centeno: "I see no conflict of interest” if leaving for Governor of Banco de Portugal" Jornal de Negócios
Mário Centeno leaves open door for Banco de Portugal Jornal de Notícias

Banif-Banco Internacional do Funchal
The bank that all supervisors have already condemned but only paid 1000 euros Expresso

BBVA sells a portfolio of 2.1 billion failed loans to Cabot and CarVal Investors Expansión

CaixaBank and Erste extend their joint payment business in the Austrian market Expansión
CaixaBank sells a portfolio of 865 million in failed loans to Intrum Expansión

Novo Banco
Novo Banco sells Spanish fund manager to Trea Asset Management Jornal de Negócios

Pagaqui - Pagamentos E Carregamentos
Pagaqui: "Credit customer behavior is ignored by banks" Jornal de Negócios


Italy Treasury injects €1 billion in bad loan manager AMCO Reuters
Bank of Italy reform in spotlight after latest bank bailout Reuters
Bank of Italy's board appoints Daniele Franco as deputy governor - statement Reuters
Government says central bank's report shows policy mix is working Ekathimerini
The BoG sees growth accelerating - Challenges and external risks Kathimerini
Greece's bad bank liquidator sells 1 bln euro loan portfolio to Intrum Hellas Reuters

Attica Bank
Attica Bank: New savings accounts with preferential interest rates and new green consumer and mortgage loans Kerdos

Banca Monte dei Paschi di Siena
Italy's Monte dei Paschi received three offers for real estate assets-sources Reuters

DARAG completes legacy portfolio transfer with SOVAG Reinsurance News

Banca Popolare di Bari
Ex-chairman of Popolare di Bari investigated for alleged corruption-source Reuters
Italian banking fund delays decision on Popolare Bari rescue to Jan Reuters


Norway wealth fund sold properties in Munich, London Reuters
Citigroup names new head of Finland Financial News
Swedish start-up leaders raise Europe's biggest impact fund Financial Times

Aktia Pankki
Aktia takes over life portfolio from Nordic insurer Alandia Reinsurance News

Skandinaviska Enskilda Banken
Latvia fines Sweden's SEB over anti-money laundering controls, sanction violation Reuters
Latvia's Banking Authority Fines SEB Handelsblatt

Swedbank says there was risk it was used to launder money in Baltic Reuters


The Central Bank has proposed a new procedure for admitting foreign shares to Russian exchanges RBC
Russian banks make $30 bln Jan-Nov profit - central bank Reuters
Russian banks for 11 months increased profits by 46% Vedomosti
Bet more than tin / Mortgage interest is driven by banks and developers Kommersant
Russia central bank's Pozdyshev, in charge of banking supervision, takes new banking sector role Reuters
Greece to extradite Russian cybercrime suspect to France Reuters
Russian bitcoin laundering suspect Vinnik to be extradited to France Ekathimerini
UPDATE 1-Czech finance ministry sees lower gross financing need in 2020 Reuters
Turkey's Erdogan says rate cuts to continue in 2020 - NTV Reuters
EBRD plans swap trade in 2019 in boost to new Turkish reference Reuters
Poland appoints Dagmara Wieczorek-Bartczak KNF deputy head for insurance sector PAP
Poland now eyes PLN 18.3 bln positive impact from OFE wind-down on public fin. sector in '20, PLN 4.4 bln in '21 PAP
Bulgaria's central bank raises capital buffer as credit grows Reuters

Allianz Bulgaria Holding
Allianz Bulgaria lowers stake in Industrial Capital Holding SEENews

First Investment Bank
Bulgaria's Fibank plans to raise $113 mln to boost capital Reuters

VTB Bank
VTB bank may team up with a global trader to sell Russian grain 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. Language translations to English are provided by an automated service and may not be entirely accurate.

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