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Wednesday's headlines, Financials edition

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Wednesday's headlines, Financials edition

Panama Papers:Global tax officials to launch unprecedented inquiry The Guardian
EU seeks to shame tax free-riderswith business disclosures Bloomberg News 
EU to forcebusinesses to open up the booksIrish Independent
EU offers new planto tackle corporate tax dodging Reuters
Panama raids offices ofMossack Fonseca law firm Reuters

IMF warns of global stagnation asgrowth outlook cut again Bloomberg News
Development bankscould pump $1 trillion into global growth drive – S&PReuters

UK AND IRELAND

'Brexit' fallout could cause severeglobal damage, IMF warns Bloomberg News
IMF saysBritish exit from EU could wreak severe damage in UK and beyond The Wall Street Journal
IMF warnsBrexit will create 'severe global damage' The Independent
Brexit threatens to cause 'severe globaldamage', warns IMF TheDaily Telegraph
Banks slash hiring as Brexit fearsgrow and deals dry up TheDaily Telegraph
No scandal but plenty of fun inBritish political tax returns Bloomberg News
Consumer watchdog warns against 2018 deadlinefor PPI claims The Guardian
London marketinsurers will struggle with investment returns in 2016 Post
London re/insurancemarket profits to be hurt by pricing: Fitch Artemis
London marketfaces continued investment pressure, Fitch warns Insurance Day

HSBC
Investors shouldoppose HSBC on pay, chairman re-election – PIRC Reuters
Corporate governance experts callfor the head of HSBC chairman The Guardian

Irish Life
Irish Life actuaryincredulous at €6 billion loan to Anglo The Irish Times

Royal Bank ofScotland
FCA bans ex-RBS banker who movedLIBOR submission 'up a pip' Bloomberg News
Ex-RBS LIBOR trader banned from theCity The DailyTelegraph
Former RBS employeebanned over LIBOR FinancialTimes

GERMANY, SWITZERLAND AND AUSTRIA

Swiss expand 1MDB probeto two former Emirati fund officials Reuters

Bank Vontobel
Bank Vontobel expandsin Germany finews.ch

Bankhaus Lampe
Bankhaus Lampe shrinks balance sheet Börsen-Zeitung

DekaBank
DekaBank wants to promote investment advicewith online sales Börsen-Zeitung

Deutsche Bank
Deutsche Bank co-CEO close toacquittal after yearlong trial Bloomberg News 
Prosecutor seekssuspended sentence for Deutsche Bank co-CEO Reuters
Judge acquits Deutsche Bank's top bankersBörsen-Zeitung
Deutsche Bank halts North Carolinagrowth plan over anti-gay law Bloomberg News 
Deutsche Bank freezesplans for North Carolina jobs over transgender law Reuters

DüsseldorferHypothekenbank
Fitch affirms DüsseldorferHypothekenbank at BBB-/stable; withdraws ratings Reuters

DZ Bank
DZBank, WGZ Bank sign merger Börsen-Zeitung

EurocityBank
Euro YatirimHolding terminates sale of stake in Eurocity Bank Reuters

Heta Asset Resolution
Creditors want Hetabond buyback at above 90% – sources Reuters
Heta creditors willing to compromise  Börsen-Zeitung

LandesbankBaden-Württemberg
LBBW to strengthenIT investments, cut 450 back-office jobs Börsen-Zeitung
LBBW to cut 1,000 jobs, mostly in retail bankingHandelsblatt

FRANCE AND BENELUX

France borrows for 50 years to tapmarket tired of no yield Bloomberg News  

EulerHermes
Euler Hermes makesEurope, Asia-Pac hires Reactions

KBL European Private Bankers
Al-Thani private bank KBL to buy Dutch firm from BNP Paribas Bloomberg News 
European private banking group expands UK presence with acquisitionfrom BNP Paribas CityA.M.

SPAIN AND PORTUGAL

ICBC executivesreleased from custody in Spanish money laundering case Reuters
Spain's subprimemortgages up 25%  Expansión
Spanish banks facingnew consolidation process Expansión
Portuguese bankassociation welcomes talks on fund for bad loans Reuters
Portugal lists 85 tax havens in EU list Jornal De Negócios
Brussels forcesNovo Banco, Caixa Geral de Depósitos to cut operations in Spain Jornal De Negócios

Banco Santander
Portugal will notcomply with UK court ruling in favor of Banco Santander El País

Bankia
Moody's upgrades Bankia's ratings Expansión

Catalunya Banc
Catalunya Banc loses €78 million in 2015 due to restructuring El País

EVO Banco
Online serviceproblems continue at EVO Banco El País

ITALYAND GREECE

IMF saysGreek debt 'highly unsustainable', debt relief 'essential' – draft memorandum Reuters
Greek reform review'difficult,' euro zone rescue fund says Reuters
Euro zone bailoutfund head Regling says Greece reform review ongoing Reuters
Greece, creditors take time out toattend IMF spring meeting
Bloomberg News 
Greece defies creditors again Le Figaro
Italy's top two banksto put €1 billion each into crisis fund – source Reuters
Italy's Cariploset to contribute €100 million to bank fund – source Reuters
Italy bank plan sets up bankruptcy fight FinancialTimes
Italyseeks amplified bad-debt punch with $5.7 billion bank fund Bloomberg News 
Italy's new bank rescue fund meetswith investor skepticism Bloomberg News

Azimut Holding
Azimut Holding unit signs agreement to acquire100% of Priority Advisory Group Reuters
Azimut makes acquisition inAustralia MF

Banca Popolare diVicenza
Italy's Atlante fund may end up witha majority stake in BPVi MF

Generali
Generali launchesUS multinational product InsuranceDay

UBI Banca
UBIto elect committee members, new management board MF

NORDICCOUNTRIES

New Basel proposalswould hit major Nordic banks – Deutsche Bank analysts FinansWatch
Danish FSA inspects four banks' lendingpractices Børsen
FSA warns banks againstindiscriminate lendingFinansWatch

DNB
Norwegian bank DNBhires law firm to look into Panama Papers case Reuters

Tryg
Tryg Q1 pretax beats forecast, keeps2017 profit targets Reuters
Tryg Q1 result beatsexpectations Børsen

EASTERNEUROPE

Russian central bankgovernor warns against taking risks with inflation to speed growth Reuters

AliorBank
Alior Bank gets greenlight for bond issuanceRzeczpospolita
Fitch maintains Alior Bank's rating WarsawBusiness Journal

FirstInvestment Bank
Bulgaria's Fibank seeksshareholders' approval for up to €1 billion debt issuance in 5 years SEENews

Sberbankof Russia
Russia's Sberbankto pay 1.97 rubles per share on 2015 results Reuters

The Daily Dose Europe "Headlines" editionaggregates banking, financial services and insurance headlines from thewebsites of a limited number of major European publication titles andnewswires, with an editorial deadline of 6 a.m. London time. Some externallinks may require a subscription. Language translations to English are providedby an automated service and may not be entirely accurate.