HALISTER1: European Financials Pre-Market: EFG, Deutsche, Credit Suisse

European Financials Pre-Market: EFG, Deutsche, Credit Suisse

(Bloomberg) -- The following news may affect European financials today: COMPANY NEWS
  • Deutsche Bank Ratings Cut by Moody’s on Struggle to Overhau
  • Deutsche Bank Mortgage Bond Losses Said to Be Probed by SEC
  • EFG Takes Over BSI After Serious Money Laundering Breach: Finma
    • MORE: EFG International Sees Completion of BSI Acquisition in 4Q
    • BSI Group CEO Coduri Steps Down as Swiss Open Criminal Probe
  • Commerzbank’s Mandel to Evaluate Synergies With Comdirect: FAZ
  • BofA, Credit Suisse in Line for League, Lucre With Bayer Deal
  • CYBG Sees FY16 Costs of GBP730m, ‘Materially Below’ Guidance
  • Banco Espirito Santo 2015 Loss EU2.6b vs Loss EU9b Y/y
  • Intermediate Capital AUM Rise 20% to Record; Plans Special Div
  • Italy Favors Receiving Monte Paschi Stock as Interest on Aid
  • Old Mutual Says Received Approaches for OM Asset Management
  • Paragon Group 1H Underlying Profit GBP71.9m, ROTE 12.7%
  • RBS Unit Pledges to Help U.K. Firms Win GBP2.5b Export
  • Vienna Insurance 1Q Net Income Declines; Combined Ratio Rises
SECTOR NEWS
  • Banks Keep Cutting Bond Traders With One-Third Gone Since 2011
  • U.K. Banks Said to Call for Swift to Boost Cyber Defenses
  • Brexit Seems Increasingly Unlikely to Corporate-Debt Investors
  • Banks Suffer Worst Start to a Year in Commodities in a Decade
  • ‘Massive Bailout’ Needed in Debt-Saddled China, Analyst Chu Says
  • Morgan Stanley’s Gorman Says ‘Stay Tuned’ for Better Returns
  • Philadelphia Sues Big Banks Over Interest Rate-Swap Market
  • Sweden FSA Says New Methods Will Raise Bank Capital Requirements
ANALYSTS
  • Higher Yielding Banks May Rise on More Benign Basel IV: Barclays
  • Cembra cut to underperform vs neutral at JPMorgan
  • ING Raised to buy vs neutral at Goldman
  • KBC Group raised to buy vs neutral at Goldman
  • Santander Brasil Cut to ’Underperform’ at Itau BBA Securities
  • Scor rated new buy at UBS, PT EU32
  • Hannover Re rated new neutral at UBS, PT EU97
BLOOMBERG INTELLIGENCE
  • HSBC $8 Billion TLAC Debt Is Largest 2016 Dollar Bank Bond Sale
  • SocGen Lauds Early TLAC Adoption, Details Unlevel Playing Field
  • U.S. Bank Credit Trends Could Flip to a Headwind This Year
PEOPLE
  • Deutsche Bank Latin America CEO Said Planning to Leave Firm
  • Goldman Said to Hire Banker Kamo From Credit Suisse: Reuters
  • HSBC Names Bibbey Head of FX Cash Trading and Risk Management
AGENDA
  • Earnings/Sales/Calls: Paragon Group (1H), Intermediate Capital Group (FY), Vienna Insurance (1Q)
  • Roadshows: KBC Groep (in Edinburgh)
  • Shareholders Meetings: Metro Bank, Natixis
  • Weekly finance agenda here
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Stefano Coduri (BSI SA)

Topics
Financial Firm Departures

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