Keywords: ANZ, Allahabad Bank, Bank Mandiri, Taiwan Cooperative Bank, BoCom, CCB, ICBC, SMFG, MUFJ, Ithmaar Bank, First Leasing Bank, Standard Bank, Lloyds, Halifax, US Systemic Risk Council

"It seems to me ... an unrealistic assumption."
Mario Fernandez, chairman of Spain’s Kutxabank, on the possibility of private investment in bad banks.


The following are notes from our Monday morning meeting.

The US Systemic Risk Council, led by former FDIC chairperson Sheila Bair, recommended a tighter leverage ratio that limits banks’ ability to fund themselves with debt and other borrowings.

A computer glitch left millions of Lloyds, Halifax, Co-operative and Smile customers without cash access for about an hour.

Africa’s Standard Bank denied rumours that it would be retrenching a large number of IT staff.

Bahrain’s Ithmaar Bank will merge with First Leasing Bank to bolster its Islamic retail business.

Japan’s SMFG and MUFJ agreed to dissolve their consumer finance joint venture. Read our interview with SMFG president Koichi Miyata.

China’s BoCom, CCB, and ICBC have withdrawn from attending SIBOS and the annual meeting of the World Bank and IMF in Japan. Read our comment.

Taiwan Cooperative Bank will establish a branch in Phnom Penh, its first in Cambodia.

Bank Mandiri can now restructure $3.3b worth of unrecovered loans following a court ruling that allows it to claim uncollected loans attached to the state.

S.A. Panse has been appointed chairman and MD of India’s Allahabad Bank.

Australia’s ANZ claims it will reduce property-related expenses by 25% as part of a $1.5b branch network upgrade.