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China's State Council publishes guidelines to strengthen shadow banking regulation-report

Citing a copy it obtained of Document 107, Reuters reported that the State Council of China has published guidelines that aim to fortify regulation against the risky practice of shadow banking.

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Alitalia

Alitalia seeks €50M additional loan from Italian lenders UniCredit, Intesa Sanpaolo

Alitala, Italy's flag carrier, has written to Italian banks UniCredit and Intesa Sanpaolo asking to extend an existing loan agreement by €50 million. This comes on top of the €200 million in bank loans agreed on in October.

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JPMorgan

JPMorgan Chase & Co agrees on settlement to Pittsburgh bank lawsuit

JPMorgan Chase & Co settled a lawsuit brought against it by the Federal Home Loan Bank of Pittsburgh involving the losses it sustained from mortgage securities it bought from the bank, Bloomberg reported.

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European Central Bank

Private lending in the Euro Zone drops to 20-year low

The data released in a report by the European Central Bank on Friday saw the hesitation of financial institutions in extending credit to households and businesses despite the economic recovery of the Euro Zone.

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Oversea-Chinese Banking Corp (OCBC)

Singapore's OCBC makes binding offer for Hong Kong's Wing Hang Bank- sources

Citing sources, Bloomberg reported that Singaporean lender Oversea-Chinese Banking Corp or OCBC has submitted a binding offer for Hong Kong-based family-run lender Wing Hang Bank Ltd.

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National Bank of Cambridge Maryland

Delmarva Bancshares secures $11M in private placement

Delmarva Bancshares Inc, the bank holding firm for the National Bank of Cambridge, was able to raise $11 million in a private placement participated in by a group which included Castle Creek Capital.

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Zyden Gentec Ltd.

Zyden Gentec shares fall as Punjab National Bank offloads its 3% stake

Zyden Gentec Ltd.'s shares fell by 5% to INR15.25 per share after Punjab National Bank's recent stake sale. PNB had sold 335,141 of its shares in the pharmaceutical company, which represents a 3% equity ownership.

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China

Chinese banks seen rising in financial markets - report

The DealBook said in its report that banks in China are steadily making strategic acquisitions offshore and opening its businesses outside of the mainland, thanks to recent economic reforms.

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Banca Popolare di Vicenza

Italy's Banca Popolare di Vicenza to grow through acquisitions- paper

Popolare Vicenza Chairman Gianni Zonin told an Italian daily that Banca Popolare di Vicenza intends to grow its branches to a thousand from its current 690 through acquisitions.

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Paul Volcker

US bank regulators mull Volcker rule tweak

US bank regulators said they would consider allowing banks to hold on to complex securities despite the Volcker rule prohibiting them from owning such and would arrive at a decision in the middle of January.

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David Cameron

UK to consider new rules to raise funding for SMBs

The UK government is mulling on rule changes that would make it easier for small and medium-sized businesses (SMBs) to obtain funding from alternative financiers and new banks.

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Paul Volcker

American Bankers Association challenges Volcker Rule

The American Bankers Association, a group that represents mostly community banks, has filed a complaint challenging the final version of the Volcker Rule, Bloomberg reported.

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BTA Bank

Kazakhstan to sell equal-sized stakes in BTA Bank to Kazkommertsbank, Kenes Rakishev for undisclosed sum

Samruk-Kazyna, Kazakhstan's sovereign wealth fund, on Monday struck a deal to sell equal-sized stakes in its BTA Bank. Its holding in the country's third-biggest bank will be sold to Kazkommertsbank and businessman Kenes Rakishev for an undisclosed sum.

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Australia and New Zealand Banking Group Ltd (ANZ)

Australia sets additional capital requirements for big banks

Australia's systemically important "Big Four" banks will be required to set aside an extra 1 percent of equity capital to protect against the kind of turmoil seen during the global financial crisis under new regulations announced on Monday.

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Banco de Sabadell SA

Spain's Sabadell sells 15.8pct stake in Dominican Republic lender Centro Financiero for $156M

Banco de Sabadell on Friday announced that it has sold its 15.8% stake in Dominican Republic's Centro Financiero BHD for $156 million. Sabadell also recently exited its holdings in Grupo BHD, Centro Partner Group, Twins Investment Partners and Grupo Financiero Leon.

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