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Wednesday's headlines, Financials edition

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Wednesday's headlines, Financials edition

Brexit: Deal essentially impossible, No 10 source says after PM-Merkel call BBC News
Merkel: EU agreement on Brexit deal 'overwhelmingly unlikely' Deutsche Welle
EU parliament head says 'no progress' in Brexit talks Reuters
UK PM Johnson told EU Parliament's Sassoli UK wants a Brexit deal: Downing Street Reuters
Banks Warned Over Failure to Move Employees in Time for Brexit Bloomberg News
Central Banks Are Nearing 'Reversal Rates' as Global Growth Slows Bloomberg News
IMF chief asks staff to examine consequences of negative rates Financial Times
U.S. Treasury proposes guidance to reduce tax headaches from Libor transition Reuters
European private equity buyouts climb to 12-year high City A.M.
Spooked by Libra, EU pledges to regulate digital currencies Reuters

UK AND IRELAND

'Many' Tory MPs to quit if it comes to no‑deal Brexit The Times
British PM Johnson facing no-deal Brexit cabinet rebellion: report Reuters
UK PM Johnson told EU Parliament's Sassoli UK wants a Brexit deal: Downing Street Reuters
No impasse in Brexit talks, but gaps remain: Coveney Reuters
UK PM Johnson, Ireland's Varadkar want Brexit deal - Downing Street Reuters
Irish PM Says 'Very Difficult' to Seal Brexit Deal Next Week Bloomberg News
Ireland sets aside €1.2bn to battle effects of no-deal Brexit Financial Times
Any increase to Irish bank levy would complicate disposals - minister Reuters
Mark Carney says Bank of England to stress test banks with 'catastrophic' climate scenario City A.M.
BOE to stress test its financial system against 'climate pathways': Carney Reuters
BOE Governor Recruitment Process Is on Track, Chancellor Says Bloomberg News
Hunt for new Bank of England governor 'on track', Sajid Javid says The Times
Watchdog censures pensions website The Times
Insurers warned on solvency and run-off as Gibraltar regulator airs 'reputational damage' fears Post
Any increase to Irish bank levy would complicate disposals - minister Reuters

Ascent Underwriting
Ascent appoints cyber underwriters from Beazley & Equinox Reinsurance News

Barclays
Trio of ex-Barclays bankers accused of lying in Old Bailey fraud trial City A.M.
Former Barclays bankers lied about Qatari fees in 2008, fraud trial hears Reuters
Barclays executives lied about Qatar fees, court told The Times
Barclays urged to reverse 'damaging' decision on Post Office tie-up Sky News
Barclays withdrawal from post offices a concern -regulator Reuters
Barclays halts bank branch closures in remote areas and launches new cashback scheme The Independent

Depfa Bank
Germany prepares sale of Depfa to draw line under country's largest bailout: sources Reuters
Germany puts bank that missed out on Irish guarantee up for sale Irish Independent

London Stock Exchange Group
Investors rush to whip up bidding war for London Stock Exchange after Hong Kong walks away The Daily Telegraph
No regrets, says Hong Kong chief as he pulls LSE deal The Times

Rothesay Life
National Grid offloads $3.4 bln of UK pension risk to Rothesay Life Reuters
Rothesay Life in £2.8bn pension buy-in deal with National Grid UK Reinsurance News

Royal Bank of Scotland Group
RBS investors call on new boss Rose to shrink NatWest Markets Reuters

Ulster Bank Ireland
Ulster Bank to sell €800m of mortgages to CarVal The Irish Times

Woodford Investment Management
US investment firm buys Woodford share of Malin Irish Independent

GERMANY, SWITZERLAND AND AUSTRIA

UBS Expects Swiss Rate Cut in Early 2020 as Global Economy Sours Bloomberg News

Bank Frick & Co.
South African Tech Firm to Buy Bank Frick finews

Commerzbank
Commerzbank subsidiary Comdirect raises forecast ahead of planned acquisition Handelsblatt
Commerzbank wants to delete jobs in the private customer business Handelsblatt

Credit Suisse Group
Credit Suisse Considers Return to U.S. Private Banking After Exit Bloomberg News

Deutsche Bank
Deutsche Bank board member faces likely veto by regulators Financial Times
Deutsche Bank has no plans for additional job cuts Reuters
Deutsche Bank Plans About Half of 18,000 Job Cuts in Germany Bloomberg News
Deutsche Bank's chairman best paid among German blue chips in 2018 Reuters

Graubündner Kantonalbank
Graubündner Kantonalbank brings CIO from Liechtenstein finews.ch

Landesbank Hessen-Thüringen Girozentrale
German banks start merger talks to create €260bn giant Financial Times
German public-sector banks Helaba and Deka to consider merging Reuters

Wirecard
Wirecard raises long-term growth targets; analysts unconvinced Reuters
Wirecard raises sales target by two billion euros Die Presse

FRANCE AND BENELUX

Amundi
BlackRock and Amundi singled out over climate-data concerns Financial News

Dexia
Dexia boss switches to Italian UniCredit De Tijd
Wouter Devriendt quits as Dexia CEO De Standaard

Société Générale
The credit derivatives market shaken by the departure of Société Générale Les Echos

SPAIN AND PORTUGAL

Brussels gives exception to Portugal for early loan repayment Jornal de Negócios

Bankia
Bankia will charge institutional clients of private banking for guarding their liquidity Expansión

BBVA
BBVA confirms talks about non-life insurance unit sale The Insurance Insider
BBVA analyzes "offers received from various stakeholders" for its insurance business Expansión

ITALY AND GREECE

Italy's economy minister sees web tax launch next year Reuters
Italy economy min calls for consolidation in banking sector Reuters
UPDATE 1-Greece raises 1.5 bln euros from 10-year bond reopening, draws strong demand Reuters

Mediobanca - Banca di Credito Finanziario
Mediobanca, Mediolanum sees no reason to change governance - M. Doris Reuters

National Bank of Greece
CEO of Greece's Largest Bank Has a Plan to Move Past Financial Crisis Bloomberg News

NORDIC COUNTRIES

Danish banks boost profit forecasts on mortgage boom, low rates Reuters
UPDATE 1-Norway's wealth fund says it must prepare for large fluctuations Reuters
Norwegian Internet banking customers scammed millions E24

Vestjysk Bank
Vestjysk Bank upgrades its expectations for 2019 Børsen

EASTERN EUROPE

Akbank
More than $ 1 billion in demand for Akbank's syndicated loan Hürriyet

Bank Polska Kasa Opieki
Polish lender Pekao does not rule out takeovers Reuters
Bank Pekao may mull acquisitions, but only after operating transformation - CEO PAP

mBank
PKO BP bank set to look at mBank purchase, no preset decision - CEO PAP

VTB Bank
VTB stopped accepting deposits in euros Vedomosti

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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