Keywords:

“We must set the incentives in a manner that, if they want to return to the business model of the last decade, then that needs to be very expensive."
Philipp Hildebrand, Chairman, Swiss National Bank, commenting on the regulator’s goal in setting banks’ equity Tier 1 capital ratio to at least 10%.

The EU may have a new round of stress tests to consider liquidity ratios as early as the Q1 of 2011.

The FDIC’s troubled banks list grew to 860 between July and September, the most since the S&L crisis of 1993, even as the Fed's QE2 harms mortgage assets. See Emmanuel Daniel's blog on this.

HSBC has named Paul Thurston its new head of consumer banking and wealth management, and will shift him to Hong Kong from London along with most of its other global heads.

Brazil’s new prime minister Dilma Rousseff has nominated as governor of the central bank Alexandre Tombini, its chief oversight officer.

Abu Dhabi Commercial Bank filed charges against Credit Suisse and S&P for allegedly misleading the bank in the setup of a $70m SIV in 2007.

Korea’s Hana Financial is buying Korea Exchange Bank for $4.1b, if it can get government approval—the lack of which has killed deals by Kookmin in 2006 and HSBC in 2008.

China Everbright Bank has plans to buy a trust firm, says its chairman; the bank has been out of the business since 2002 when its previous unit went bankrupt.

Taiwan’s Chinatrust hopes to raise $1.97b in a rights issue to help it fund the purchase of AIG’s Nan Shan Life unit, the country’s third-largest insurer.

Metrobank of the Philippines will seek to raise $227m in a rights issue to prepare for Basel III standards, twice the amount it raised earlier in the year.

Central Bank of India (a commercial bank) GM RN Tayal and managers from Punjab National Bank and Bank of India were arrested for illegally authorising corporate loans.
 
A technical glitch at Australia’s NAB has slowed down its ATMs and other electronic banking services, affecting paychecks and other deposits; a similar incident occurred in 2008.