Keywords: Scotiabank, ING Bank, Barclays, Antony Jenkins, FirstRand Bank, Merchant Bank Ghana, Qatar Islamic Bank, Nomura, China CITIC Bank, Zhu Xiaohuang, ACLEDA Bank, SMBC, Bank Central Asia, SBP, EXIM Bank, Yaseen Anwer, NAB

"As part of our stepped-up controls … we recently discovered a case of data misuse."
Julius Baer CEO Boris Collardi, on a second incidence of data theft at the bank.


The following are notes from our Monday morning meeting.

Scotiabank will buy ING Bank of Canada for $3.13b to strengthen domestic consumer banking.

UK Barclays appointed Antony Jenkins chief executive, formerly retail and business banking divisions head.

South Africa’s FirstRand Bank will buy Merchant Bank Ghana for $91m.

Qatar Islamic Bank plans a $1.5b Sukuk programme, pending shareholder approval.

Japan’s Nomura Holdings restructuring to cut $1b in costs, mainly from its wholesale division.

Former China Construction Bank EVP Zhu Xiaohuang will replace Chen Xiaoxian as China CITIC Bank president.

Cambodia’s ACLEDA Bank signed an MoU with Japan’s SMBC to enhance cash management and trade finance.

Indonesia’s Bank Central Asia will set up its own insurance unit for $10.5m.

SBP governor Yaseen Anwer will head a committee to establish an EXIM Bank in Pakistan.

National Australia Bank will trial work-from-home call centres by year end, saving up to $15,000 per desk.