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Wednesday's headlines, Financials edition

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Wednesday's headlines, Financials edition

The ECB's Next Big Decision Will Impact Mario Draghi's Successor Bloomberg News
Reinsurers are changing their business models in pursuit of relevancy, says report Reinsurance News

UK AND IRELAND

Caring or creepy? UK banks turn to alerts to keep customers loyal Reuters
Volante Global launches Gentium Motor MGA, names Managing Director Reinsurance News

Canson Capital Partners
Boutique firm that advised Blackstone on Thomson Reuters deal raises $100m Financial Times

esure Group
Bain reaches £1.2bn deal to take esure private Financial Times
Bain Capital to take UK insurer esure private in $1.55 billion deal Reuters
Esure founder to make £360m from selling insurance group to US firm The Independent
Esure founder to stay on 'until they think I'm past it' after £1.2bn sale The Daily Telegraph
Esure looks for 'new type of leader' following Bain takeover Post

European Bank for Reconstruction and Development
Exclusive: Development bank EBRD has stress-tested for 40 percent lira crash Reuters

Lloyd's of London
Managing agents want greater use of ILS at Lloyd's Artemis

Pension Insurance Corp.
PIC completes £800m buyout of BHS2 pension scheme Reinsurance News

Royal Bank of Scotland Group
Royal Bank of Scotland pays $4.9 billion for crisis-era misconduct Reuters
RBS pays £3.6bn to settle financial crisis misconduct probe Sky News
RBS settles US claim and pays dividend The Times

Schroders
KKR, Schroders Launch €1 Billion Direct Lending Venture Private Equity News

Standard Chartered
MOVES-Standard Chartered names head of metals and mining unit Reuters

Tokio Marine Kiln Syndicates
Tokio Marine Kiln updates on modest Lloyd's Syndicate improvements Reinsurance News

GERMANY, SWITZERLAND AND AUSTRIA

Trend towards online banking is increasing Börsen-Zeitung
Zurich scientists urge state pension fund to divest from fossil fuels swissinfo.ch
Ex-banker moves into the management of the insurance lobby finews.ch

Aareal Bank
Aareal Bank Q2 Profit Falls, Backs FY View RTT News

Bawag
Austrian bank BAWAG's tight grip on costs lifts net profit Reuters
Bawag is evaluating further acquisitions Börsen-Zeitung

Credit Suisse Group
MOVES-Credit Suisse Asia corporate communications head Sheel Kohli leaving - sources Reuters

Deutsche Bank
Deutsche Bank board to discuss investment bank boss contract in October Financial Times

Munich Re
Munich Re using more sidecars, less traditional retro in its de-risking Artemis

Oldenburgische Landesbank
Former Allianz subsidiary OLB merges with BKB Börsen-Zeitung

SIX Group
SIX Loses Trading Investigator finews

Swiss Life Holding
BRIEF-Swiss Life H1 net profit up 7 pct, appoints new CFO Reuters
BRIEF-Swiss Life to exceed some of its 2016-2018 financial targets Reuters
Swiss Life nourishes dividend hopes Finanz und Wirtschaft

UBS Group
Release of ex-UBS banker data would harm Swiss interests, rules court swissinfo.ch

Wirecard
Meet the German Fintech That's Now Worth More Than Deutsche Bank Bloomberg News

FRANCE AND BENELUX

BNP Paribas Fortis
BNP Paribas Fortis is vulnerable to Turkey De Standaard

Euronext
Euronext increases interest in Fastmatch De Telegraaf

Natixis
MOVES-Natixis names head of energy and natural resources unit Reuters

NN Investment Partners Holdings
Asset manager NN IP cuts Turkey, Russia exposure on rising headline risk Reuters

SPAIN AND PORTUGAL

Spain monopolizes a third of the exposure to Turkey of the world banking Cinco Días
Santander, BBVA and Merlin, trapped in the socimi Testa Residencial Cinco Días
The debt of Spanish banks with the ECB falls 0.76% in July Europa Press
Dependence on the ECB - Portuguese banking system sees biggest drop since 2015 Jornal de Negócios

Banco Bilbao Vizcaya Argentaria
BBVA claims that it is protected against depreciation of the Turkish lira and that there is no risk of contagion Europa Press

Banco Comercial Português
BCP strategic plan is "credible" and will allow to prolong progress of the last 18 months, says DBRS Jornal Económico

GNB - Companhia de Seguros de Vida
GNB Vida profit falls 49.8% in the first half to 2.7 million Jornal Económico

Mapfre
Mapfre and AgriTask launch digital claims system for agricultural insurers Reinsurance News

ITALY AND GREECE

Negligible is the Greek banking exhibition in Turkey euro2day

NORDIC COUNTRIES

Danish pension fund buys German property for 6.6 billion Politiken
Bank manager will abolish cash to fight crime Børsen

AP Pension Livsforsikringsaktieselskab
AP Pension buys Swedish pension giant's Danish business Berlingske Business

Bank Norwegian
Bank Norwegian earned NOK 644 million in the second quarter Dagens Næringsliv

Danske Bank
Danske Bank loses customers due to Estonia money laundering case: polling firm Reuters

DNB
Bank DNB switches US, Europe mutual funds to index tracking Reuters

Hvidbjerg Bank
Hvidbjerg Bank: Several employees push the profits slightly Berlingske Business

EASTERN EUROPE

Turkey Eases Capital Rules on Banks, Suspending Mark-to-Market Bloomberg News
Turkey's Garanti CEO sees policy rate hike Reuters
BBVA Turkey Unit Calls for Tighter Monetary Policy to Save Lira Bloomberg News
Turkish Companies Join Banks Pressing Erdogan to Contain Turmoil Bloomberg News
Lira Gains as Central Bank Withholds Cheap Cash for Second Day Bloomberg News
Turkish lira rebounds as finance minister vows to defend currency The Guardian
Turkey Gets Respite on Liquidity Moves, Tight Policy Calls Bloomberg News
Armenia's c.bank keeps refinancing rate unchanged at 6 pct Reuters
Armenia has enough resources to maintain financial stability, expert says ArmBanks
Russian banks' Jan-July net profit down 15.7 pct -cenbank Reuters

DenizBank
Turkish financial crisis calls into question the sale of Denizbank L'Agefi

Industrial Construction Bank
Ardshinbank appoints Artak Ananyan as chairman of its board ArmBanks

Rosgosstrakh Insurance Co.
Rosgosstrakh filed a lawsuit against the former general director Vedomosti

VTB Bank
UPDATE 1-VTB says buying controlling stake in Vozrozhdenie Bank Reuters
VTB to buy rival Russian bank Vozrozhdenie Financial Times

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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