* Crédit Agricole SA's full-year 2021 underlying net income group share rose on a yearly basis to €5.40 billion from €3.85 billion, exceeding the French
* Credit Suisse Group AG's net loss attributable to shareholders widened to CHF2.01 billion in the fourth quarter of 2021 from CHF353 million a year before, including a goodwill impairment of CHF1.62 billion and major litigation provisions of CHF436 million. For full year 2021, the Swiss
➤ ING risk costs set to normalize despite inflationary risks
In the fourth quarter of 2021, ING booked €346 million of risk costs, which included a €124 million management overlay for residential mortgages partly to account for inflation risk.
➤ BNP Paribas to reinvest $16.3B from Bank of the West sale in new strategy
"We are looking at investing in technology, new business models, bolt-on acquisitions, accelerating organic growth in a number of domains," said CEO Jean-Laurent Bonnafé.
➤ ABN Amro eyes multiple share buybacks after €500M repurchase plan
The Dutch bank chose to do away with a large share buyback without follow-up and is instead gearing for more predictable capital distributions, CEO Robert Swaak said, as the lender's shares fell after it announced a €500 million repurchase plan.
EARNINGS SPOTLIGHT
* Société Générale SA's fourth-quarter 2021 group net income more than tripled year over year to €1.79 billion from €470 million on the back of lower net cost of risk. For full year 2021, the French
* DNB Bank ASA reported a fourth-quarter 2021 group profit attributable to shareholders of 5.88 billion Norwegian
* Mediobanca Banca di Credito Finanziario SpA posted a consolidated group net profit of €525.8 million for the six months ended Dec. 31, 2021, a 28.1% increase from the year-ago €410.6 million, boosted by a strong growth in revenues. The Italian
* Deutsche Börse AG's fourth-quarter 2021 net profit attributable to shareholders was up 23% year over year to €281.2 million. For full year 2021, the German
* Netherlands
* Banca Carige SpA's consolidated net loss attributable to the parent company narrowed to €90.0 million in 2021 from €251.6 million in the period of February-December 2020. The Italy
* OP Financial Group reported a year-over-year decline in fourth-quarter 2021 profit attributable to owners to €207 million from €229 million, mainly driven by higher total expenses. For full year 2021, the Finnish
BANKING
* U.K.
* Italian
* U.S. investment fund manager BlackRock has increased its stake in Spain
* Guido Bastianini plans to sue Italy
* By the end of March, Banca Popolare di Bari SpA
* Unicaja Banco SA will meet with labor representatives today to inform them of the acceptance of the 1,513 voluntary exits agreed in the Spanish
* Oldenburgische Landesbank AG may carry out an IPO as soon as this year, with a valuation of well over €1 billion being "realistic," Bloomberg reported, citing CEO Stefan Barth. The German
* A Polish
* Norway
POLICY AND REGULATION
* The Central Bank of Iceland
* Romania
INDUSTRY NEWS
* The ECB is on alert for the threat of cyberattacks on banks that could be launched from Russia amid political tensions between Moscow and the West, insiders told Reuters.
Erin Tanchico, Daniel Stephens, Meike Wijers, Esben Svendsen, Beata Fojcik, Yael Schrage, Brian McCulloch, Sophie Davies and Nelson Siqueira contributed to this report.
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