Keywords:

 “If in one part of the world you have an 8% capital requirement, and another part of the world 19%, you know where the business is going.”
The not-so-veiled threat of Oswald Grübel, CEO, UBS, on the likelihood of the US and Asia winning more investment banking business at the expense of the UK and Switzerland.

The following are notes from our Monday morning meeting.

The European Banking Authority launched a second round of stress tests.

Barclays will buy the British credit card assets, worth $3.75b, of Citi’s online bank Egg.

Amid escalating protests in Morocco, a holding company owned by the royal family is selling some or all of its 48% stake in the country's biggest bank, Attijariwafa, worth $4.7b.

The UAE’s central bank capped some loans on concerns over liberal borrowing practice and loan sizes that can be 20 times monthly income.

Seven Korean banks, including Kookmin, Woori and Shinhan, were among the 40 company and government agencies whose websites were hit by a massive denial-of-services attack on Friday.

The chairman and the president of Qilu Bank, a Chinese lender 20% owned by Commonwealth Bank of Australia, were forced to quit over the bank’s connection to a $230m commercial paper fraud.

Bank of Communications opened a branch in Ho Chi Minh City, the fifth Chinese bank to open in Vietnam.

Malaysia’s Bank Islam appointed former central bank deputy governor Zamini Abdul Ghani as its chairman, and Datin Norasni Ayob and Jaafar Abu as chief operating officers.

India’s RBI plans to upgrade over the next two years its RTGS to enable handling of up to 5 million transactions a day, up from the current 3 million.

A glitch at 40 Commonwealth Bank of Australia ATMs allowed customers to withdraw more money than what was in their accounts.