Keywords: US Treasury, Banco Santander, Bank Of Tanzania, Bank Muscat, Shinhan Bank, Woori Financial Group, CBRC, Western Union, Bank Mandiri, Bank Of Ceylon, NBP, ANZ, CUP

"We’ve been spoiled for so long."
Royal Bank of Canada President and CEO John Taft on why banks are facing trouble making difficult decisions.


The following are notes from our Monday morning meeting.

The US Treasury rejected a request by banks to delay a start date for penalties on non-FATCA compliance.

Banco Santander is considering a $3.17b takeover of Clydesdale and Yorkshire banks.

Bank of Tanzania issued agent banking guidelines for commercial banks, enabling them to use retail outlets to offer financial products and services.

Oman’s Bank Muscat and South Korea’s Shinhan Bank signed an MoU for collaboration in trade and investment.

FSC South Korea scrapped Woori Financial Group’s block sale plan and will sell the group’s subsidiaries separately.

China’s CBRC prohibited banks from selling private equity funds and instructed them to increase risk controls following Hua Xia Bank’s failed wealth management product.

Seven Myanmar banks partnered with Western Union to introduce money transfer services in the country

Indonesia’s Bank Mandiri will collaborate with Pos Indonesia and Tabungan Asuransi Pegawai Negeri to form a new banking subsidiary.

Sri Lanka’s Bank of Ceylon appointed Razik Zarook as its new chairman, while Pakistan made Asif A. Brohi President and CEO of NBP.

Australia’s ANZ signed an agreement with China UnionPay allowing ANZ customers access to CUP networks in the Asia Pacific region.