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Wednesday's headlines, Financials edition

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Wednesday's headlines, Financials edition

EU's Barnier warns time running out for Brexit deal Reuters
Development bank EBRD sees near 25 percent drop in profits Reuters
Weidmann (Bundesbank) expresses his appreciation for Guindos and does not see his jump from politics to the ECB unusual Europa Press

UK AND IRELAND

Plans for World's Biggest IPO Attract Attention of U.K. Cabinet Bloomberg News
Bank of England will not 'go soft' on EU insurance rules Reuters
PRA and UK Treasury consulting on extensive Solvency II reform package: Sam Woods Reinsurance News
PRA to look at Solvency II impact on insurers Post
Struggling credit card holders could save £1.3bn under new rules The Guardian
FCA boss Andrew Bailey fires warning shot across bows of credit industry City A.M.
Fresh disclosures expose UK banks' gender pay gulf Reuters
UPDATE 1-Ireland to tighten regulation around distressed loan sales Reuters
UK life insurers' longevity risk could spur life reinsurance demand: S&P Reinsurance News

Aldermore Group
MOVES-UK's Aldermore creates role of group managing director, retail finance Reuters
Barclays' Sue Hayes to take on group MD role at Aldermore Mortgage Strategy

Amigo Loans
Amigo Loans hires JP Morgan and RBC to prepare 500 million pound London IPO Reuters

Barclays
U.K. Judge Knocks Pace of Post-Crisis Rules at Barclays Hearing Bloomberg News

CBL Insurance Europe
Administrators appointed at CBL Insurance Europe Post

Direct Line Insurance Group
Direct Line's stunning results explain why your insurance premiums are so high The Independent

HSBC Holdings
HSBC Loan Loss Rise Is Said Tied to Steinhoff, Carillion Bloomberg News
HSBC says new standards reduce its net assets MarketWatch

Kindred Capital
New venture capital firm Kindred scoops £80m in one of Europe's largest ever seed fundraises City A.M.
UK fund raises $110 million to invest in start-ups and share profits with founders Reuters

Lloyd's of London
Climate groups urge Lloyd's to tackle coal investment Post

Northview Group
MOVES-Mortgage manager Northview names Mark Arnold CEO Reuters

Provident Financial
Provident shares surge despite £300m rights issue Financial Times

Royal Bank of Scotland Group
Most RBS turnaround staff previously worked for disgraced GRG unit, bank admits The Daily Telegraph
RBS GRG changes described as "rebranding exercise" with 94 per cent of leadership still in jobs City A.M.

Virgin Money Holdings (UK)
Virgin Money Boss Outraged by Firms Adjusting Gender Pay Data Bloomberg News

GERMANY, SWITZERLAND AND AUSTRIA

Foreign drivers pay up to 95% more for insurance Swissinfo.ch
German central bank doubles surplus to two billion euros DiePresse
Bundesbank transfers 1.9 billion euros to the federal government Handelsblatt

BAWAG
BAWAG PSK 2017 net profit down on incentive program, higher reserves Reuters
BAWAG considering takeovers in Germany and Austria Reuters
UPDATE 2-BAWAG bets on digital future, takeovers for growth Reuters
Mega bonuses for Bawag bosses Der Standard

Deutsche Bank
Deutsche Bank Plans Saudi, Dubai Hires as Sovereigns Drive Deals Bloomberg News
Deutsche Bank to pay $240 million to end Libor rigging lawsuit in U.S. Reuters
Deutsche Bank accepts a 240-million settlement for interest rate manipulation Neue Zürcher Zeitung

DZ Bank
DZ Bank says considers all options for DVB unit Reuters
DZ Bank shines again with billions in profits Börsen-Zeitung

HSH Nordbank
HSH Nordbank owner body approves sale to private equity for 1 bln eur -sources Reuters

Swiss Life Holding
UPDATE 1-Swiss Life placed to hit 2018 targets after profit beat Reuters
Swiss Life is prepared for every interest rate Finanz und Wirtschaft

Swiss Re
Swiss Re not counting out M&A, but it has to add value: CEO Mumenthaler Reinsurance News
Swiss Re CEO questions "decoupling" of risk knowledge from capital Artemis

FRANCE AND BENELUX

ABN Amro Group
ABN Amro is now sending emigrants away De Telegraaf

ING Groep
ING must provide insight into future fraud risks De Telegraaf
'ING's failing compliance' Het Financieele Dagblad

La Banque Postale
France's Banque Postale to launch online bank in 2019 Reuters
La Banque Postale accelerates its diversification Les Echos
Bank Postale: net profit jumped Le Figaro

Lombard Odier Investment Managers
CORRECTED-(OFFICIAL)-MOVES-Ex-Millennium portfolio manager Langlois joins Lombard Odier IM Reuters

Orange Bank
Orange Bank to offer consumer credit in March L'Agefi

SPAIN AND PORTUGAL

Claims addressed by the Bank of Spain reach a new record in 2017 Europa Press
Pulido (Cajasol) says that its foundation does not seek to "escape" from the Bank of Spain and requests "respect" from the Board Europa Press

Banco Bilbao Vizcaya Argentaria
BBVA places 1,500 million in five-year non-preferred senior debt with a demand twice as high Europa Press

Bankia
Spain's Bankia to pay back 2.5 bln euros to shareholders over next 3 yrs Reuters
Caja Segovia says that "resisting" to enter Bankia "would not have been civic enough" Europa Press
Goirigolzarri, about his future: "I am totally committed to Bankia" Europa Press
Bankia will distribute more than 2,500 million dividends in three years El País

Bankinter
Bankinter and Evo Banco will soon offer the Apple Pay service Europa Press

Caixa Geral de Depósitos
CGD reopens friendly terminations program this year Jornal de Notícias
Moody's improves CGD rating but keeps public bank in "junk" Jornal de Negócios

Mapfre
Mapfre converts a syndicated loan into a sustainable loan L'Agefi

Novo Banco
Pimco launches new front in fight over Novo Banco bonds Financial Times

ITALY AND GREECE

Moody's upgrades Greek banks in prospect of further stabilization in 2018-19 Tornos News
Moody's: Upgrading the creditworthiness of Greek banks Naftemporiki
Mitsotakis proposes a three-pillar insurance system Kathimerini
Cryptocurrencies, almost half of the 2017 ICOs have already failed MF

Credito Valtellinese
Creval, the consortium does not fear the vote MF

Eurobank Ergasias
Eurobank: Voting in OTE share Naftemporiki

NORDIC COUNTRIES

Danske Bank
Estonia to investigate Danske Bank after new money-laundering allegations Reuters
Estonian Financial Supervisory Authority suspects Danske Bank for deception: The bank did not talk about Russian backmen Berlingske Business

Insr Insurance Group
BRIEF-Insr Insurance Says NFSA Approved Merger With Nemi Forsikring? Reuters

EASTERN EUROPE

CEE MARKETS-Forint hits 2018 lows, central bank keeps loose policy Reuters
New banks of the Central Bank attract deposits against the market Vedomosti

ABLV Bank
Latvia's ABLV Bank says can pay liabilities in full Reuters

Bank Pekao
Update: Bank Pekao maintains intention to pay out 100% of 2017 and 2018 SA profit as dividend PAP

Promsvyazbank
Promsvyazbank again poured money from the population and business Banki.ru

Sberbank of Russia
Russia's Sberbank agrees to loan Transneft over 100 bln roubles - sources Reuters

VTB Bank
Senior Vice-President of VTB moved to the "bank for the defense industry" Banki.ru

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.