Keywords:

"If you want to see industry profitability destroyed, get a government involved”
Cameron Clyne, CEO, National Australia Bank warning that government intervention is a greater threat to profitability than competition from other banks.

The following are notes from our Monday morning meeting.

The BCBS has reportedly decided lenders will face a sliding scale of additional capital requirements based on their size, interconnectedness with other financial institutions, scale of international operations and the ability for other banks to absorb their business.

Alfredo Saenz, CEO of Spain’s Banco Santander has been given a jail term and suspension from banking duties for three months by the local court over a customer loan default that has already lasted 17 years. 

J.P. Morgan is mulling a $100 cap on debit card purchases to force consumers toward credit cards to offset the impact of new US rules curbing debit-card fees.

Sberbank, the Russian state savings bank, will buy a stake in investment bank Troika Dialog for over $1b. Watch our recent interview with Chairman Ruben Vardanian here.

Mohammad Khair al Zubair, a former Sudanese finance minister, has been appointed the new governor of country’s central bank replacing Dr Saber Mohammad al Hassan.

Bahrain Islamic Bank will postpone a planned $143m rights issue due to poor market conditions from the current political unrest. Japan’s online payment processing system was operating normally after the massive earthquake last week, but some large banks experienced ATM outages. 

Taiwan’s Fubon Financial may set up rural banks on the mainland.  China’s ICBC set up its first overseas RMB processing center in Singapore.  

State-owned Union Bank of India is looking for partners to launch a wealth management business in the country. 

Westpac will revert to the name the Bank of Melbourne for its St George bank units in Victoria in a move, it says, will help it gain market share.