Keywords: SEC, Barclays, Tesco Bank, Bank Of England, Bank Windhoek, Absa Group, Bank Hapoalim, NBAD, Seoul International Financial Centre, Kasikornbank, Ho Chi Minh City Development Bank, Dai A Bank, Indonesia Eximbank, BTMU, RBI, Westpac, ANZ, NAB, CBA

"What worries us is … transfer pricing to the bad bank and the prices at which we have valued our assets."
Santander CEO Alfredo Saenz, on Spain setting up bad bank SAREB.


The following are notes from our Monday morning meeting.

US Department of Justice and SEC are investigating Barclays relationship with third parties who help it win or retain business.

Tesco Bank has become the latest in the UK to join Bank of England's $128.7b Funding for Lending scheme.

Barclays has postponed buying Namibia’s Bank Windhoek until it completes the combination of its African business with that of Absa Group.

Danny Dankner, former chairman of Israel’s Bank Hapoalim, is facing fraud and money laundering charges.

National Bank of Abu Dhabi says it will help develop South Korea’s Seoul International Financial Centre into a regional financial hub.

19 Chinese banks will collaborate with Thailand's Kasikornbank on factoring services and corporate loans for international trade.

Vietnam’s regulators approved the merger of Ho Chi Minh City Development Bank and Dai A Bank.

Indonesia Eximbank signed a business alliance MoU with Bank of Tokyo Mitsubishi-UFJ.

India’s RBI revised guidelines on loan performance of financially sick micro and small enterprises to hasten banks’ identify potential problems.

Australia’s Westpac, ANZ, NAB and CBA have provided $330m in debt financing to Internet service provider iiNet.