Keywords: TDB Bank, RBS, Ecobank, ICICI Bank, Isbank, FSA Japan, Societe Generale, BofA, Margaret Ren, Visa, MasterCard, CUP, JCB, PDIC, Export And Industry Bank, ABN Amro, Standard Chartered Bank, ANZ

"I did have concerns about Mr. Pandit's qualifications."
Former FDIC chairwoman Sheila Bair, on Vikram Pandit’s abrupt departure from Citigroup.


The following are notes from our Monday morning meeting.

Canada’s Toronto-Dominion Bank lost data tapes containing information on 260,000 US bank customers.

RBS exited the UK government's toxic-asset insurance scheme after paying back the minimum $4b in premiums since it joined in 2009.

Africa’s Ecobank and India’s ICICI Bank signed an MoU to expand bank services collaboration.

Isbank will become the first Turkish bank to commence operations in Egypt next year.

FSA Japan ordered Societe Generale to suspend some of its local asset management operations due to unspecified regulatory breaches.

BofA named Margaret Ren chairman of its China operations.

Myanmar allowed Visa, MasterCard, China Union Payment and Japan Credit Bureau bank cards to be introduced in the country.

Philippine Deposit Insurance Corporation’s auction of closed Export and Industry Bank failed after a local court ordered a halt due to evidence from a 1990s case involving a subsidiary.

ABN Amro successfully issued a S$1b bond through Singapore banks, working the private banking market in the region.

StanChart will acquire Barclays’ India retail banking assets.

Australia’s ANZ apologised for a major computer foul-up causing thousands of bank transactions from May to repeat.