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"A transaction of this nature falling through … could be a huge impediment for future sentiment and investment flows."
DBS' CEO Piyush Gupta on why he thinks Indonesia won't block the Danamon acquisition.



The following are notes from our Monday morning meeting.


HSBC is in talks to sell its Korean assets to Korea Development Bank, while negotiations to shed its Pakistan businesses continue.

Britain's NBNK has increased its bid for 632 of Lloyds' branches to over $2.4b against competing acquirer The Co-operative.

South Africa's Standard Bank is shedding its stake in Turkey's Standard Unlu from 67% to 25% for an undisclosed amount.

Qatar National Bank has acquired a 49% stake in Libya's Bank of Commerce and Development, while its bid for Turkey's Denizbank remains in talks.

Japan's Ogaki Kyoritsu Bank has launched the region's first biometric ATM platform that features palm-scanning technology.

The People's Bank of China will set up the China International Payment System to aid banks in international RMB trade settlements.

Huanan Bank became the first Taiwanese bank approved for RMB transactions in China.

The Bankers Association of the Philippines has elected Security Bank head Alberto Villarosa as its new president.

India's RBI has cancelled the license of Shri Bhadran Mercantile Cooperative Bank due to its worsening financial conditions.

Westpac has received a branch license in India, boosting its Asian presence outside of Singapore and Greater China.