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S&P Global Market Intelligence offer our top picks of banking news stories and more published throughout the week.
Financial performance and dividends
* Germany's Norddeutsche Landesbank Girozentrale reported a nine-month consolidated profit of €215 million, up from an adjusted €64 million in the same period in 2018. The shipping lender, which is set for a rescue capital package, said it may close the full year with a net loss.
* Virgin Money UK PLC is suspending dividend payments for the year ended Sept. 30, as it booked a further £385 million in PPI provisions in the fiscal fourth quarter, compared to £415 million for the full year 2018.
* The board of U.K.-based Paragon Banking Group PLC proposed a final dividend of 14.2 pence per share for the full year ended Sept. 30, up from 13.9 pence per share in the previous fiscal year. For the fiscal full year, the bank reported profit on ordinary activities after tax of £127.4 million, down from the year-ago £145.8 million.
* Greece-based Piraeus Bank SA's third-quarter net result attributable to shareholders from continuing operations was €44 million, down from €94 million a year earlier.
* Bank of Cyprus Holdings PLC booked profit attributable to owners of the company of €115.6 million for the nine months to the end of September, compared to a represented loss of €36.9 million in the same period in 2018.
Potential deals
* Deutsche Bank AG sold securities with a notional value of roughly £40 billion to U.S.-based Goldman Sachs Group...