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The new CEO of Lloyds Banking Group will be António Horta-Osório, who helped build Santander's large UK franchise; the government, owner of 43.4% of the bank, tied his $13m salary to SME lending.

BBVA launched a $7b rights issue, in part to help fund the purchase of a 24.9% stake in Garanti, Turkey’s second-biggest bank, its first big acquisition outside the Spanish-speaking market.
 
Nigeria's SEC charged for share price manipulation its former head, as well as directors of Union Bank, one of the nine banks rescued in a $4b central bank bailout.

The Bank of Israel has given Bank Hapoalim permission to bid for Turkey's AdaBank, but capped the maximum bid at $60m.

Japan’s Mitsubishi UFJ Financial Group is negotiating with RBS over a $6.4b portfolio of project finance assets that are likely to carry better margins than what it is used to in its home market.

China's central bank has launched CDS trading, driven by the National Association of Financial Market Institutional Investors but opposed by the bank regulator.

Ta Chong Bank has received permission from its regulator in Taiwan to open in Hong Kong its first overseas branch.

The State Bank of Vietnam will stop urging banks to cut interest rates and may inject hundreds of millions of dollars into the banking system for lending to ease upward pressure on the dong.

The Thai subsidiary of China’s ICBC is planning an aggressive move into retail banking, increasing its branch network to 30 from 19 and offering renminbi loans.

The Reserve Bank of India reportedly banned Société Générale, StanChart and Credit Agricole from government bond trading after finding that they sold bonds at off-market prices to hide losses.
 
Bendigo and Adelaide Bank is in talks with the struggling Elders group over the 40% of the 250-branch Rural Bank the lender doesn’t own in a deal worth $160m.