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"Around 30% of all [US] banks have less than satisfactory supervisory ratings."
Patrick Parkinson, the US Federal Reserve’s director of banking supervision and regulation, reportedly commenting on the number of banks with CAR severely depleted by loan losses.

The following are notes from our Monday morning meeting.

A surge in earthquake-related remittances caused a system crash at Japan’s Mizuho Bank, which has turned to rivals to help process 890,000 delayed transactions worth $10b.

Regulators in the US, Japan and the UK are investigating at least 14 banks, including UBS, HSBC and Deutsche, for allegedly colluding to manipulate the LIBOR.

South Africa's First National Bank will open four branches in Tanzania.

HSBC closed four branches in Bahrain, and StanChart seven, due to civil unrest.

China abolished fees on 34 retail banking activities, including opening and closing accounts, resetting passwords, and processing salary, pension and housing funds.

Taiwan’s regulator approved China Construction Bank to open a rep office.

Vietnam’s Sacombank will set up a subsidiary in Cambodia.
 
The Philippines’ central bank ordered the insolvent Banco Filipino Savings and Mortgage Bank to close; only 60% of the bank’s deposits are covered by insurance.

Pratip Chaudhuri, a 36-year veteran of the State Bank of India who is deputy MD, may replace OP Bhatt as chairman.
 
Michael Ullmer, deputy CEO of Australia's NAB, is retiring, as is UK head Lynne Peacock, crimping long-held plans to expand there.