Keywords:

"This market turmoil just may provide the shock that is needed to forestall further price rises, and allow regional authorities a little breathing room."
David Li, CEO of Bank of East Asia, in his comment on the impact of last week's market panic on inflation. Read his and other leaders reactions here.



The following are notes from our Monday morning meeting.


Germany wants a full G7 ban on short selling stocks like the one enacted in France, Italy, Spain and Belgium to counter attacks on banks like BNP Paribas, Credit Agricole and SocGen. Read our comment here.

AIG is suing Bank of America for $10b, claiming fraudulent activity in sales of MBS from the bank's Countrywide mortgage unit.

Nigeria's Sterling Bank will buy for an undisclosed sum Equitorial Trust Bank, one of eight taken over by the government in 2009 and bailed out with $4b.

The US and Canada imposed sanctions on state-run Commercial Bank of Syria and Syriatel, Syria's largest bank and its biggest telco, to protest violent government crackdowns.

Japan's Aeon Bank is reportedly vying with a China-Japan fund to buy failed SME lender Incubator Bank from the government.

China Guangfa Bank, in which Citi owns a 20% stake, is delaying a planned $5.5b dual IPO.

Lin Keh-hsiao, 51, president of Taishin Financial Holdings, died in a hiking accident in Taiwan on Friday.

Bank Indonesia will stop issuing permits for foreign banks to buy local lenders as it drafts ownership regulations, putting a halt on China Construction Bank's bid for Bank Maspion.

Reza Suleman Habib, a director of Pakistan's Habib Metropolitan Bank and a member of the family that founded it in 1947, died in Los Angeles on Friday. He was 48.

Australia's NAB has bought Aviva's equities business for an undisclosed sum; it had bought the insurer's wealth management business in June for $850m.