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In Europe today, German economic expectations fell in February in a more severe decline than analysts predicted, while HSBC said it would cut tens of thousands of jobs and $100 billion in assets. Read about the above topics on Dow Jones Newswires or WSJ.com.

In Other Media...

Eiffage Concessions has won a contract valued at EUR1.5 billion to widen a 76-kilometer section of the A3 Nordbayern motorway in Germany. Under the 30-year contract, awarded to the French group as part of a consortium with Johann Bunte, the companies will expand the section from four to six lanes. -Les Echos

French Finance Minister Bruno Le Maire said the state would be very vigilant when it comes to the preservation of jobs and industrial sites for French car maker Renault, after acting Chief Executive Clotilde Delbos recently said she wouldn't rule out the closure of some plants to achieve structural cost savings by at least EUR2 billion in three years. -Le Figaro

The portion of mortgages going to young Italians has halved in the past 15 years, data from a price comparison website shows. MutuiOnline.it said that the percentage of home loans given to those 35 years old and younger stands at 22.6%, compared with 44.8% in 2006. -La Repubblica

London-based digital bank Monzo plans to increase its headcount by a third by hiring up to 500 people as it relaunches paid-for accounts. Monzo currently employs 1,500 people. -The Times of London

Germany's football league, the Bundesliga, has achieved record full-year revenue for the 15th time in a row. The 18 clubs of the first division together exceeded overall revenue of EUR4 billion for the first time in the 2018-19 season, an increase of 5.4% compared with the previous year. -Frankfurter Allgemeine Zeitung

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(END) Dow Jones Newswires

February 18, 2020 08:22 ET (13:22 GMT)

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