Keywords: Bank Of England, Visa, Banco Santander, RBS, FSA Japan, State Bank Of Pakistan, PBoC, Maybank, Bendingo Bank

"Today’s loophole can become tomorrow’s bolt-hole."
Andrew Haldane, director of financial stability, Bank of England, pushing for greater ringfencing of some bank businesses areas.


The following are notes from our Monday morning meeting.

Visa has hired JPMorgan’s Charles Scharf as its next CEO, taking over from Joseph Saunders on November 1st.

Banco Santander UK has made a provision of $83.5m to write off costs related to its abandoned acquisition of RBS branches.

Nine Ghanaian banks integrated their ATM networks to facilitate inter-bank business transactions.

Iraq dismissed central bank chief Sinan al-Shibibi due to a corruption scandal involving dollar sales abuse.

FSA Japan will subject foreign bank branches to its deposit insurance system to enhance depositor protection.

State Bank of Pakistan and China’s PBoC signed an agreement to access China’s interbank bond market.

Malaysia’s Maybank will open its first branch in Laos next month

India’s finance ministry is investigating appointments of correspondent banks, who provide financial services on behalf of other banks, due to reports of bribery.

Australia’s Bendingo Bank is suing Melbourne's Crown Casino, claiming it should have realised one of the bank's employees stole the millions of dollars she gambled away.