Keywords: JPMorgan, BofA, Lloyds, FSS, Bank Of Taiwan, Bangkok Bank, BNP Paribas, JS Bank, HSBC Pakistan, RBA

"It’s the right decision because it’s working."
Brian Moynihan, Bank of America CEO, on QE3 despite scepticism from others such as Paul Volcker, former US Fed chairman.


The following are notes from our Monday morning meeting.

JPMorgan and Bank of America are under investigation by the OCC for alleged money laundering.

Jessica Harper, former head of online security at Lloyds has been jailed for defrauding the company of $4m.

Namibia will open its first SME bank by month-end, 60% owned by the government.

Turkey is planning a $2.6b banking centre in Istanbul, to be completed within three years.

Korea’s FSS will launch full investigations into financial institutions which have drawn high numbers of customer complaints.

Bank of Taiwan’s Shanghai branch will handle Taiwan dollar clearing in China.

Bangkok Bank opened a representative office in Yangon, Myanmar.

BNP Paribas Malaysia partnered with Global University of Islamic Finance to launch an Islamic wealth management centre.

JS Bank will acquire HSBC Pakistan.

Reserve Bank of Australia governor Glenn Stevens will be called to testify on charges of corruption within the organisation's subsidiaries.