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Thursday's headlines, Financials edition

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Thursday's headlines, Financials edition

Banks face fresh collective action over forex manipulation Financial Times
Second law firm files multi-million foreign exchange class action against raft of banks City A.M.
Moody's downgrades outlook for European banks amid slowdown City A.M.
EU unveils plan to be carbon neutral by 2050 Financial Times
EU Commission unveils 'European Green Deal' in Brussels City A.M.
UPDATE 2-EU states block green finance deal in setback for climate goals Reuters
Most Members opt for a symmetrical inflation target Handelsblatt
ECB clears Isabel Schnabel's appointment to board Reuters

UK AND IRELAND

United Kingdom votes to decide the fate of Brexit, again Reuters
Small British banks want softer rules to help them compete Reuters
ESRI warns of €26bn hit to economy from corporation tax reversal The Irish Times
Brexit fails to dent Irish growth The Times
Irish economy in line for Brexit bounce if Johnson secures majority The Irish Times
CBL administrator told to cease payouts Irish Independent
'Serious gender imbalance' remains at top of Irish business, report finds The Irish Times
Elite Insurance goes into administration Post
Majedie trust cuts valuation of fund manager by a fifth Financial News
Invesco's Barnett dropped by Edinburgh Investment Trust Financial News

Barclays
Barclays to Sell Automated Options Trading Business to GTS Bloomberg News

Coventry Building Society
Coventry Building Society overstated financial strength for 11 years The Times

HSBC
Fitch downgrades HSBC France L'Agefi

Lloyds Banking Group
Lloyds chief António Horta-Osório's pledge to HBOS Reading fraud victims The Times
HBOS fraud victims hopeful they will finally be compensated by Lloyds for £1bn banking scandal The Independent

Lloyd's of London
Lloyd's of London issues trans and non-binary inclusion guide The Guardian
Ex-Lloyd's CEO Inga Beale joins Clyde & Co board Post
Former Lloyd's CEO Inga Beale joins Clyde & Co board Reinsurance News

Saga
Saga appoints ex-Superdry boss Euan Sutherland to CEO role City A.M.
UPDATE 1-Saga names former Superdry boss Euan Sutherland as CEO Reuters
Saga names incoming CEO Post

GERMANY, SWITZERLAND AND AUSTRIA

Germany Pushes Forward on European Financial Transactions Tax The Wall Street Journal
Insurance tech firm Wefox gets extra $110 mln to drive growth Reuters
German insurtech Wefox targets UK launch in 2020 after $110m fundraise Post

Allianz
Allianz is going to cut jobs in Belgium De Tijd

Commerzbank
Commerzbank Seeks to Merge With Comdirect as Buyout Plan Failed Bloomberg News
Commerzbank fails with Comdirect takeover offer Handelsblatt
ECB tightened capital requirements for Commerzbank Handelsblatt

Credit Suisse Group
Credit Suisse plans hires to help jumpstart M&A machine in 2020 Financial News
Credit Suisse cuts profit targets and pivots away from coal City A.M.
Credit Suisse lowers profit targets as investment bank heads into the red Reuters
Credit Suisse Defers Profitability Target to 2020 finews.com
Credit Suisse focuses on growth and cost control Finanz und Wirtschaft
Former Executive at Credit Suisse Joint Venture Says She Was Spied On The Wall Street Journal

Deutsche Bank
Robo specialist Dreiskämper leaves Deutsche Bank Handelsblatt

DVB Bank
DVB withdraws from shipping funding Naftemporiki

Fisch Asset Management
Surprise Departure of Co-CEO at Asset Manager finews.com

Hamburger Sparkasse
Haspa laments inaction of politics Börsen-Zeitung

L-Bank
L-Bank is considering granting loans with negative interest rates Handelsblatt

M.M. Warburg
Germany's Warburg offers to repay money in sham trading trial Reuters

Wirecard
Wirecard critics targeted in London spy operation Financial Times

FRANCE AND BENELUX

New French pension system aiming for justice - PM Philippe Reuters
France's moderate CFDT union calls for action on Dec 17 against pensions reform Reuters
iBanFirst acquires German competitor Forexfix L'Agefi
Mirela Agache Durand to lead Groupama AM L'Agefi

Crédit Agricole
Crédit Agricole SA ventures into the panda market L'Agefi

Crédit du Nord
Crédit du Nord sets out to conquer small entrepreneurs with its own neobank La Tribune
Crédit du Nord will launch in 2020 a neo-bank for professionals Le Figaro

Euroclear
Belgian investors are eager for a strong interest in Euroclear De Tijd

ING Groep
Exclusive: ING working on digital assets custody technology – sources Reuters

Mérieux Equity Partners
Mérieux Equity Partners acquires the capital of Addmedica L'Agefi

SPAIN AND PORTUGAL

BBVA, Bankinter and Bankia will ask the ECB for liquidity in the new round of TLTRO-III Europa Press
The bank has extrajudicially returned 2,254 million to 499,000 affected by land clauses Europa Press
The CNMV will ask the listed companies for more information on cessations, irregular practices and non-competition agreements Europa Press
Banking committees under discussion in Parliament. APB and BdP will respond to MPs Jornal de Negócios
Montepio General Council meets this Wednesday. Tomás Correia will be present for the last time Expresso

Abanca Corporación Bancaria
Abanca joins the trend of demanding more customer ties that want free services Expansión

Banco de Sabadell
Sabadell studies marketing mortgages with surety insurance Expansión

Banco Santander
Banco Santander is committed to being carbon neutral in 2020 Europa Press

BBVA
BBVA faces today its third interrogation on contracts with Villarejo Expansión
BBVA declares 14 hours before the judge for doubts about his relationship with Villarejo El País

Bolsas y Mercados Españoles
Hernani (BME) asks companies to publish their dividend calendar in advance Europa Press

Caixa Geral de Depósitos
ECB maintains CGD's capital requirements for 2020 Jornal Económico
CGD encircles group owes € 307 million and pushes two more real estate insolvency Expresso

Criteria Caixa
Fitch raises Criteria Caixa's rating to 'BBB +' with 'stable' outlook Europa Press

Mapfre
Mapfre boss calls for climate change action Post

ITALY AND GREECE

Italy's Conte Insists on Red Lines for Euro-Area Reform Measures Bloomberg News
UPDATE 2-Italy has nothing to fear from ESM reform, PM Conte says Reuters
The ECB's six observations on the Heracles project Euro2day

UniCredit
Italy's Labour minister to meet UniCredit management this week Reuters
Unicredit definitively leaves Poland MF

NORDIC COUNTRIES

UPDATE 2-Norway's wealth fund guardian Matsen to leave central bank Reuters
Norwegian sovereign wealth fund now holds a qualified stake in Sonae Capital Jornal de Negócios

EASTERN EUROPE

Turkish Banks Plan to Create a Bad-Loans Manager by March Bloomberg News
Erdogan Serves Notice That Another Rate Cut Looms in Turkey Bloomberg News
Russia says its money laundering crackdown has halved suspicious cash operations Reuters
Polish banks are the cheapest for almost three years Rzeczpospolita
Fund assets increased again Rzeczpospolita
Banking sector liquidity rose in November – MNB Budapest Business Journal

Promsvyazbank
Sviaz-bank rated at half capital Kommersant

Sberbank of Russia
Sberbank lists possible future IPOs for companies it co-owns – RIA Reuters
Sberbank personnel step Kommersant

Türkiye Kalkınma ve Yatırım Bankası
200 million dollar loan to Development Investment Bank Hürriyet

Türkiye Vakıflar Bankası
Vakıfbank's share transfer to the Treasury has been completed Hürriyet

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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