Bloomberg European banks need to sell hundreds of billions of euros in loss-absorbing liabilities over the next few years to meet European Union rules designed to protect taxpayers from the cost of bank failures. The European Banking Authority estimates as much as 470 billion euros (US$517 billion) of financing is needed under the most conservative assumptions for what qualifies ...

  Bloomberg Nordea Bank AB expects pressure on its lending income to abate as Chief Executive Officer Casper von Koskull predicts the rest of the year will show an improvement in the bank’s results. “Despite low growth and turbulent financial markets, revenues are holding up well,” Chief Executive Officer Casper von Koskull said in the statement. “Margin pressure in net ...

  BLOOMBERG Deutsche Bank AG expects the UK to lose its ‘passporting’ rights, which allows banks to sell their services in the European Union, after the country voted to leave the trade bloc, Business Insider reported, citing an internal document. In the confidential note prepared for a July 5 board meeting, Deutsche Bank sees a “first-mover advantage” because a “synchronised ...