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The G20 summit in Seoul did not produce a final agreement on Basel III as hoped, but revealed that Asian banks are likely to be held to less stringent requirements.

Italy’s Intesa Sanpaolo, France’s BNP Paribas and Austria's Raiffeisen Bank are bidding between $600m and $800m for the 600-branch Polish business of Greece’s EFG Eurobank.

Deloitte has reportedly been dismissed as auditor of Brazil’s Bank Panamericano after the central bank identified double-booked assets and $850m in losses from a wave of NPLs.

Bahrain's Arab Banking Corporation will open a branch in Moscow by the end of the month.

Korea’s regulator is investigating Deutsche Bank’s alleged role in a massive “Dr Evil”-like securities sell-off in late trading on Thursday that made the stock market drop 3%.

Bank of America will sell its option in the China Construction Bank rights issue to Temasek, which will be able to raise its stake in the lender to 6.5% from 5.8%, for $1.5b.

Taiwan Business Bank signed an agreement with Bank of Beijing to supply renminbi loans to Taiwanese companies in China.

Bank of China and Malaysia’s CIMB are close to getting licenses to set up branches in Cambodia.

Bank Bukopin has rejected a bid by Bank Rakyat Indonesia to buy it, and will instead sell a 30% stake in a rights issue next year to boost its CAR.

Plans by Indian banks ICICI and Axis to set up non-bank financial institutions with infrastructure finance industry status may be rejected by the central bank as their exposure to the sector is too small.

Australia’s ANZ invested a further $126m into China’s Bank of Tianjin in order to maintain its 20% stake after the bank launched a $633m rights issue.