Keywords:

"When a lot of money flows into Asia, that plays havoc with currency rates."
DBS CEO Piyush Gupta’s warning, should western central banks further ease monetary policy.



The following are notes from our Monday morning meeting.

BNY Mellon paid $350m to settle a lawsuit on its risky debt vehicle Sigma Finance, which collapsed in 2008.

BaFin, Germany’s financial regulator will also be investigating Deutsche Bank for suspected LIBOR manipulation.

Bank of China opened a representative office in Nairobi, Kenya.

Oman’s Bank Muscat is raising $215m to fund Islamic banking ventures.

Tokyo Stock Exchange and Osaka Securities Exchange will merge, forming the world’s third largest bourse.

China’s CBRC has given Mizuho Corporate Bank approval to open a branch in Hefei City.

Three former employees of Vietnam’s Agribank have been found guilty of embezzling more than $2.18m.

Myanmar Foreign Trade Bank has signed a $500m trade finance agreement with Export-Import Bank of India.

Bank of the Philippine Islands has extended to Mindanao the country’s first mobile banking service.

Post Bank of India will commence operations upon approval from RBI.

Australia’s CBA will offer banking via Facebook by end of this year.