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Wednesday's headlines, Financials edition

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Wednesday's headlines, Financials edition

Banks in Asia hit by long arm of EU's Mifid 2 rules Financial Times
Praise for new target market guidelines Börsen-Zeitung
ECB wants stronger harmonization Börsen-Zeitung
Nations agree corporate tax avoidance crackdown Financial Times
Bourses say big bang mergers sidelined by 'quiet' hunt for content Reuters
Tax dodging crackdown to hit wealth managers Financial Times
Foreign investors to pour nearly $1 trillion into emerging markets in 2017: IIF Reuters
Windstorm Zeus loss estimate raised 40% to EUR269m by PERILS Artemis
Perils revises loss estimate for cyclone Zeus to €269m Post

UK AND IRELAND

Forced relocation of euro clearing from London would be "severely detrimental" to EU, global trade body warns City A.M.
Brexit: EU power grab on UK's €930bn clearing business would be 'severely detrimental to Europe' The Independent
Boris Johnson says there isn't "any case" for paying a large Brexit Bill City A.M.
UK must speak up to preserve global markets role after Brexit: ICE CEO Reuters
EU negotiators steeled for post-election Brexit crisis Financial Times
Pound Is Seen Losing the Most If U.K. Vote Delivers No Winner Bloomberg News
Woodford Asset Management ramps up stake in Hostelworld The Irish Times
Greenfield investment into UK plunges 42pc after vote to quit EU Irish Independent
Watchdog warns State spending is Brexit risk Irish Independent
Strategic Banking Corporation lends €113m to SMEs in first quarter The Irish Times
NTMA to beat minimum funding target before UK election vote The Irish Times

Allied Irish Banks
Potential AIB investors voice concerns about tax benefits and PTSB The Irish Times

Barclays
Barclays Rejected Zimbabwe Management-Buyout Bid in Favor of FMB Bloomberg News

HSBC
HSBC faces fresh suit alleging forex manipulation Financial Times

Lloyds Banking Group
Lloyds Banking Group has agreed a huge deal outsourcing nearly 1,500 tech jobs to IBM City A.M.
MOVES-Lloyds Bank names new head of global corporates unit Reuters

Royal Bank of Scotland Group
RBS investor settlement over 2008 cash call back on track: sources Reuters
RBS Averts Trial as Investors Accept $258 Million Settlement Bloomberg News
RBS and retail investors reach £200m rights issue settlement Financial Times
RBS investors to settle 2008 legal claim Sky News

Shawbrook Group
Shawbrook says 'no' for final time to Marlin Bidco's bid The Times
Shawbrook rejects fourth private equity takeover bid Financial Times
Shawbrook rejects third buyout offer from private equity groups Reuters

Skipton Building Society
Skipton to launch first cash-only Lifetime Isa Financial Times

Towergate
Junk bond buyers win concessions from insurance broker KIRS Financial Times
Towergate broking group raises £803m for refinancing Post

GERMANY, SWITZERLAND AND AUSTRIA

Union Investment launches investment funds Börsen-Zeitung
DSGV calls the USA a model for good regulation Börsen-Zeitung

Credit Suisse Group
BRIEF-Credit Suisse announces coupon payments on x-links exchange traded notes Reuters
Salsano moves from Credit Suisse to Anbang Börsen-Zeitung

Deutsche Bank
Deutsche Bank appoints Postbank Integration Committee Börsen-Zeitung
Hugo Baenziger Rejects Deutsche Bank Claim finews

Deutsche Börse
Börse launches learning platform Börsen-Zeitung

Raiffeisen Gruppe Switzerland
Raiffeisen extends the Board of Directors finews.ch

UBS Group
UBS Creates Services Unit With 18,000 Employees finews

FRANCE AND BENELUX

Insurer CNA Hardy picks Luxembourg for post-Brexit EU subsidiary Reuters
France Decides to Put End to Fiscal Benefits for Qatar Amid Gulf Diplomatic Row Sputnik News

Crédit Agricole

Credit Agricole sells its stake in Eurazeo to JCDecaux owner Reuters

Euronext
BRIEF-Euronext May avg daily transaction value at cash order book up 42.8 pct at EUR 8.47 bln Reuters

SCOR

SCOR hires Wolfgang Murmann as Head of Longevity, EMEA Artemis

SPAIN AND PORTUGAL

Spain's Telefonica moves into online financial services Reuters

Banco Popular Español
Banco Popular takes a fresh hit with Moody's downgrade Financial Times
Popular sees margin to negotiate sale without ECB aid Expansión
Popular prepares with KPMG the sale of a real estate portfolio of up to 2,000 million Europa Press

Banco Santander
Santander Said to Weigh Stock Sale on Possible Popular Bid Bloomberg News

Bankia
Bankia puts on sale 4,000 homes with discounts, the majority for less than 60,000 euros Europa Press

BBVA
BBVA signs a subordinated guarantee of EUR 143 million with the EIB to finance Spanish SMEs Europa Press

EVO Banco
EVO Launches Online Currency Purchase Service With Home Delivery Europa Press

MAPFRE

Mapfre, another 25 million in Direct Line MF

ITALY AND GREECE

S&P: Italian banks make progress, but stock NPA remains high MF
INPS unlock public funds for bank redundancies MF
Greek banks beat target in battle to cut sky-high bad loans Reuters
IMF offers Greek creditors more time to accept debt relief Expansión
Grexit risk still exists, former EC chief Jose Manuel Barroso says Ekathimerini

Banca Monte dei Paschi di Siena
MPS plans to restart stock market trading in July Börsen-Zeitung

Banca Generali
Banca Generali, record collection in five months MF

BPER Banca
Bper ready to close on Arca, board of directors on June 13 MF

Unione di Banche Italiane
Ubi starts increased by maximum 400 million ANSA

Veneto Banca

Veneto Banca, more than 3,000 complaints from members MF

NORDIC COUNTRIES

The banks earned 10 billion more in 2016 than the year before Berlingske Business
PKA wins big pension agreement FinansWatch
Nationalbanken debunks banks' growth myth FinansWatch

Danske Andelskassers Bank
Fraud Squad drop charges against DAB FinansWatch
Henrik Lind increases stake in DAB FinansWatch

Danske Bank
5,000 Danes input to help Danish Bank FinansWatch

Nets
Nets presents new technology for fast mobile payments FinansWatch
Nets develops system for micropayments for articles FinansWatch
Cyber ??attacks top the list of major threats in the insurance industry FinansWatch

EASTERN EUROPE

Russian hacking threatens Lithuania's banks: survey Reuters
Guarantee fund contributions won't be increased – BFG head Warsaw Business Journal
Impaired loan portfolio rises by PLN 354 mln or 0.5% in April to 70.7 bln, flat at 6.9% of gross book at end-Apr. PAP
Banking sector net down by 10.5% at end-April Warsaw Business Journal
Polish banks post aggregate net profit of PLN 1.01 bln ln in April, down 8.6% y/y - NBP PAP

FHB Jelzálogbank
MNB clears Takarékbank, savings coops to boost stake in FHB Budapest Business Journal

OTP Bank
Hungarian OTP in pole position to acquire Banca Romaneasca Romania Insider

PKO Bank Polski
Bank PKO BP on track to keep cost of risk in range o9f 75-85 bps in 2017 - VP PAP

TBC Bank
EBRD reduces its stake in Georgia's TBC Bank Reuters

VTB Bank
Russian FinMin proposes not privatising sanctions-hit VTB bank 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. Some external links may require a subscription. Language translations to English are provided by an automated service and may not be entirely accurate.