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“I do not expect a black Monday. Absolutely not.” 
Andrea Enria, European Banking Authority chairman, on the late-Friday release of stress test results that showed that only eight banks failed of out 90 tested, despite an escalating Eurozine crisis.

The following are notes from our Monday morning meeting.

Switzerland’s highest court backed the regulator’s decision to let UBS hand data on possible tax-dodging clients to US authorities, who have targeted Credit Suisse for similar charges.

Dexia is suing Deutsche $1b for selling it retail mortgage-backed securities that it privately disparaged as “crap” and was betting against with its own funds.

Union Bank of Nigeria needs to raise $1.1b to avoid liquidation, after getting only $750m from private equity firm African Capital Alliance this month for its $1.85b capital raising exercise.

The National Bank of Abu Dhabi issued a yen bond worth $126m, the first ever by a Middle Eastern bank, as part of a plan to diversify its funding sources.

StanChart, fighting a three week-long strike in Korea that has forced it to close 43 of its 400 branches, is ferrying affected clients around in taxis to keep them from leaving.

China’s Ministry of Supervision is cracking down on the illegal issuance of commercial prepaid cards to government officials as part of an anti-bribery and corruption campaign.

HSBC is launching its own stock-trading platform for retail investors in Hong Kong, the first bank there to do so.

Vietnam’s Maritime Bank will sell new shares to raise $95.2m for new lending.

Budi Rochadi, Bank Indonesia deputy governor in charge of micro-lending and payment systems, passed away in New York on July 11th.

State Bank of Pakistan governor Shahid Hafiz Kardar has resigned after refusing to force banks to continue to buy government securities.

Australia's CBA will release phone-based contactless payments by October, skipping trials and going straight to rollout; ANZ recently trialled a similar product that proved unpromising.