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Wednesday's headlines, Financials edition


Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A


Commercial Banking: June 22nd Edition


Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy


Commercial Banking Newsletter June Edition - 2022

Wednesday's headlines, Financials edition

Banks Seek Capital Relief From Unified Euro-Area Jurisdiction Bloomberg News
EU Steps Up Efforts to Deal With $1.1 Trillion Bad-Debt Pile Bloomberg News
EU watchdog wants tougher conditions for credit ratings compiled outside EU Reuters
No Plan to Raise Rates for Now, Says ECB Council Member Handelsblatt
Finance firms to spend more on security as concern over cyber crime soars The Daily Telegraph
Investment banking fees rocket to 10-year high, boosted by M&A and Trump City A.M.
European bank profitability hits new low in 2016, according to EBA Europa Press
Global debt explodes at 'eye-watering' pace to hit £170 trillion The Daily Telegraph


Hammond Seeking 'Light-Touch' Brexit Deal to Keep Banks in U.K. Bloomberg News
May Leaves Door Open to Free Movement in Brexit Transition Deal Bloomberg News
No signed 'future' Brexit deal within two years Sky News
UPDATE 1-All euro business should be moved from London after Brexit - top lawmaker Reuters
Brexit: UK faces up to 100,00 job losses under new proposal to strip UK of euro business The Independent
Up to 100,000 UK jobs at risk as Merkel and Juncker ally warns on euro clearing The Guardian
Another EU politician casts doubt over London's euro clearing crown City A.M.
Jamie Dimon admits 'not many' JP Morgan jobs will leave UK in major Brexit U-turn The Daily Telegraph
Overseas firms holding their horses on UK investments because of Brexit City A.M.
Brexit has UK investment firms looking at new Irish structures The Irish Times
Regulatory influence on Brexit moves limited - Irish central bank Reuters
UPDATE 1-Bank of England warns banks about risky lending after borrowing surge Reuters
Risky lending will endanger banks if credit bubble bursts, Bank of England warns The Daily Telegraph
Bank of England Focuses on Consumer-Credit Risk to Stability Bloomberg News
Bank of England warns over consumer credit boom Financial Times
British banks threatened by rise in consumer credit Bank of England warns City A.M.
Hedge Fund With 30% Return Sees Assets Under Management Tripling Bloomberg News
Peer-to-peer loan fund considers change of manager Financial Times
Brits would prefer employers stick perks in their pension pot City A.M.
Banks pay out €120m over tracker mortgage scandal The Irish Times
Mars Capital to refinance €332m of Irish mortgages The Irish Times
Novae and Hiscox 'leading the Lloyd's revolution' Insurance Day
County Group saw 92% profit rise in 2016 Post

Admiral Group
Admiral drops van panel to sell direct Post

Aldermore Group
MOVES-Aldermore Group names business development manager for South UK Reuters

Bank of Ireland
Bank of Ireland seeks court approval for reorganisation The Irish Times
Advisers to snap up €10.5m in Bank of Ireland fees Irish Independent
Bank of Ireland tees up new sponsorship deal with Shane Lowry The Irish Times

FBD chief's pay hits almost €900k Irish Independent
FBD paid former CEO €179,000 for consultancy work in 2016 The Irish Times

Helios Underwriting
Helios acquires Charmac Underwriting Post

Legal & General Group
Legal & General takes tough stance on executive pay in UK?companies City A.M.

Lloyd's of London
Beale warns on Lloyd's costs and commissions Post

London Stock Exchange Group
LSE CEO Said to Join U.K.'s May to Lobby for Saudi Aramco IPO Bloomberg News
UPDATE 1-London Stock Exchange CEO accompanying British PM May in Saudi Arabia Reuters

Panmure Gordon & Co.
Panmure Gordon springs back to profitability Financial Times
Bob Diamond takeover target Panmure Gordon bounces back to profit The Telegraph
Panmure Gordon boss: Bob Diamond and QInvest offer a "huge compliment" City A.M.

Royal Bank of Scotland Group
Brussels to probe RBS plan for Williams & Glyn Financial Times
EU to investigate new RBS plan to offset state aid Reuters
Brussels starts probe of Royal Bank of Scotland plan to abandon W&G sale The Daily Telegraph
EU kicks off probe into RBS' Williams & Glyn alternative deal City A.M.
RBS's Plan B Probed by EU After Failure to Sell Williams & Glyn Bloomberg News

Standard Chartered
Standard Chartered Joins Digital Arms Race

Standard Life
Standard Life Investments reduces its stake in Bankinter from 5.2% to 4.007% Europa Press

Willis Towers Watson

Willis Towers Watson and AIG launch cyber cover for global airlines Post


Swiss Regulator Still Probing Three Banks Over 1MDB Role Bloomberg News
Finma Says Money-Laundering Cases Rise finews
UPDATE 1-Bundesbank loads up on loss-making bonds in March Reuters

Bendura Bank
Liechtensteiner Bendura Bank hopes for Asia

Commerzbank Plans Nearly 8,000 Layoffs, Says Works Council Handelsblatt

Credit Suisse Group
UPDATE 1-FINMA talking to Credit Suisse about capital situation Reuters
Australian Credit Suisse Probe Covers Relatively Recent Accounts Bloomberg News
Credit Suisse Investors Advised to Reject Executive Bonuses Bloomberg News
US regulator fines Credit Suisse unit, adviser over improper investments Reuters

DekaBank Deutsche Girozentrale
Deka keeps sales at a high level Börsen-Zeitung

Deutsche Apotheker- und Ärztebank
Apo-bank remains on the growth path Börsen-Zeitung

Deutsche Bank
Deutsche Bank Loses Senior Executives After Bonuses Are Slashed Bloomberg News
Deutsche Bank Shareholders Strongly Back Capital Increase Handelsblatt
Trading with Deutsche Bank's subscription rights Börsen-Zeitung
Deutsche Bank wealth management exec to leave bank MarketWatch
MOVES-Deutsche Bank treasurer von zur Muehlen to join investment banking unit Reuters
Deutsche Bank invests in auction firm Le Figaro

Foreign moves new business from Grenke Börsen-Zeitung

Landwirtschaftliche Rentenbank
Rentenbank continues to offer interest rate advantages Börsen-Zeitung

UBS Group
Swiss financial body FINMA discontinues 1MDB investigation into UBS Reuters
Whistleblower Bradley Birkenfeld wants to reveal the names of thousands of UBS customers
UBS is trying in the pan-Asian perspective Börsen-Zeitung

Valartis Group
Valartis remains in the red

BRIEF-Vontobel Holding increases dividend to CHF 2 per share Reuters


Le Pen says banks will not quit France if France quits euro Reuters

BNP Paribas
BNP Paribas acquires Nickel Account L'Agefi

Crédit Municipal de Paris
The Crédit Municipal de Paris returns to profits L'Agefi

Société Générale
Société Générale finalizes the acquisition of Antarius Le Figaro


Ex-Banif's 'bad bank' sells unit with 1.5 bln euros assets to Altamira Reuters
Final offensive of the CNMV in the City to bring banks to Madrid Expansión
Altamira buys Oitante's 'servicer' in Portugal, with which it will manage more than 1,500 million in assets Europa Press
Santander and Caixabank to return 1.3 million to a school for bad advice on the sale of a swap Europa Press
Congress rejects a proposal to strengthen supervision of Banco de España Europa Press
Andorran banks earn 156 million in 2016, 7% less Europa Press

Banco Popular Español
UPDATE 1-Banco Popular to revise 2016 results to include additional 240 mln euro loss -source Reuters
Popular transfers $ 4 billion to reserves to pay the coupon of its hybrid bonds Expansión

Banco Santander
Ana Botín designs its succession plan at Banco Santander Expansión

Bankinter inaugurates its new headquarters in Lisbon on the anniversary of its landing in Portugal Europa Press
Bankinter breaks into renewables Expansión


The TS confirms sanctions to BBVA for 3 million for infringements on heritage in off-shore structures Europa Press

Bolsas y Mercados Españoles
BME's investment fund platform to begin operations on June 27 El Mundo

CaixaBank, the world's most innovative bank according to consultancy Celent Europa Press


ECB Said to See Italy's Vicenza, Veneto Banks as Solvent Bloomberg News
Veneto Banks: ECB needs 6.4 billion ANSA
UPDATE 1-Italy's Veneto banks confirm capital shortfall of 6.4 bln euros Reuters
UPDATE 3-Italian govt bond yields fall on bank bailout hints Reuters
Italy puts Vatican on 'clean' financial institutions list, ending years of mistrust Reuters
Banks, yes to the bill on the Senate Commission of Inquiry Il Sole 24 Ore
Deal on Greek bailout possible, needed in coming weeks - EU's Moscovici Reuters
Deal with creditors delayed by politics, says EU official Ekathimerini
Greece pursues pension and labour reform deal to unlock more aid Financial Times
Thousands of Greek pensioners protest against cuts as more austerity looms Reuters
The heads of Cooperative Banks meet Dragasakis Kerdos

Banca Carige
Carige responds to Consob and ECB MF
Carige faces capital increase Börsen-Zeitung

Banca Sella
Banca Sella Currency purchase Consel and Biella Leasing MF

Credito Emiliano
Credem launches real estate leasing for private MF

Intesa Sanpaolo
Intesa postpones bid deadline for 2.5 bln euro bad loan sale - sources Reuters
Intesa opens in Abu Dhabi MF
Intesa Sanpaolo partners with Aon in insurance L'Agefi

Mediobanca - Banca di Credito Finanziario
Now Banca Esperia is all Mediobanca MF

Piraeus Bank
Piraeus Bank: New Contractual Livestock agreement Naftemporiki


Unicredit prepares two bonds in dollars MF


Copenhagen will hijack finace jobs from London Børsen
Every fifth in the Nordic countries ready to let tech giants operate bank FinansWatch

Danske Bank
Danske Bank protected by Putin in Estonian money laundering cases FinansWatch
Danske Bank: Vestas' orders received positive surprise Børsen

Brexit Won't Hurt London Bankers at Top Norway Lender, CEO Says Bloomberg News

Nordea Bank
Nordea CEO: Will decide on headquarters as soon as possible FinansWatch
Swedish regulator confirms Nordea faces government plans L'Agefi
Nordea Kredit appoint a new third member of the Executive FinansWatch

Protector Forsikring
BRIEF-Protector ASA - Swedish Competition Authority performed control in its Swedish branch on April 4 Reuters

Topdanmark is now in Sampo hollow hand FinansWatch


Russian brokerages trade sanctioned shares Financial Times
DIA found in Finprombank shortage of assets by 18.6 billion rubles Vedomosti
CB started checking in TEMPBANK RNS
Ministry of Finance proposed a national reinsurer take risks CTP Vedomosti
Russia's Reserve Fund grows slightly over March Reuters
UPDATE 1-IMF warns domestic politics could derail key Ukraine reforms Reuters
Ukraine hopes USD 4.5bn more from IMF Le Figaro
Mandatory private pension funds reach assets of over RON 33 bln in Romania Romania Insider
Romanian central bank's reserves increase by EUR 200 mln in March Romania Insider
ÁKK launches 2-year bonds for retail investors Budapest Business Journal
Savings deposits in Armenian banks grew by 1.4% in one month ArmBanks

Erste Bank Hungary
Erste Hungary, EIF seal deal to finance HUF 40 bln of SME loans Budapest Business Journal

Sberbank of Russia
Sberbank sharply reduced interest rates on deposits 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. Some external links may require a subscription. Language translations to English are provided by an automated service and may not be entirely accurate.