Evanell N Oakes

"Swedbank 2Q Net Pft Drops, Sees Risk Of European Recession," at 0445 GMT, incorrectly stated in the third bullet point that the loan losses were mainly attributed to Estonia and Latvia.

Westpac Banking Corp. (WBC.AU) has stepped up the battle for local talent with the appointment of one of rival Australia & New Zealand Banking Group's (ANZ.AU) key executives to its financial services division.

The Polish government will offer for sale 7.2% of PKO Bank Polski SA (PKO.WA), Poland's largest lender by assets, in an accelerated book building expected to finish Wednesday, daily Rzeczpospolita reported citing unnamed sources.

Swedish lender Nordea Bank AB (NDA.SK) Wednesday reported a forecast-beating rise in second-quarter net profit on growing lending margins, but cautioned that low economic growth is weighing on demands for loans and banking services in the Nordic region.

Credit Suisse Group (CS) said Wednesday its second-quarter net profit rose 3.6% from a year earlier, and it is planning to increase its capital by 15.3 billion Swiss francs ($15.6 billion).

Credit Suisse Group (CS) Wednesday said it placed 3.8 billion Swiss francs of 4% Subordinated Mandatory and Contingent Convertible Securities ("MACCS"), which are mandatorily convertible into 233.5 million shares at a conversion price of CHF16.29 per share on March 29, 2013.

Property developer and construction concern Lend Lease Corp. (LLC.AU) said Wednesday it is part of a consortium selected by Queensland Health to build the A$2 billion Sunshine Coast University Hospital.

Credit Suisse Group (CS) said Wednesday its second-quarter net profit rose 3.6% from a year earlier, and it is planning to increase its capital by 15.3 billion Swiss francs ($15.6 billion).

Tata Steel Ltd. (500470.BY) expects its European operations to remain under "enormous stress" over the next two years though demand in India is expected to be robust, its chairman said in its annual report.

Japan Airlines Co. has dropped Nomura Holdings Inc. (8604.TO) from its previous role as joint global coordinator of the carrier's expected $6 billion-plus initial public offering of shares, a person familiar with the matter said Wednesday.