The Basel Committee on Banking Supervision has today published supervisory guidance on External audits of banks. The document enhances and supersedes the previous Committee guidance published in 2002 on  The relationship between banking supervisors and banks’ external auditors and in 2008 on  External audit quality and banking supervision.

http://www.bis.org/press/p140331a.htm

Barclays has agreed to sell its retail banking arm in the United Arab Emirates  to Abu Dhabi Islamic Bank (ADIB). . .

http://www.bbc.co.uk/news/business-26915911#

Asia-focused bank Standard Chartered Plc paid 118 of its bankers at least $1.4 million (£842,155) last year, topped by a $9.5 million payout to Mike Rees, head of its wholesale or investment banking division. . .

http://uk.reuters.com/article/2014/03/28/uk-banking-stanchart-idUKBREA2R0LQ20140328

Former Bank of America Corp. Chairman Kenneth Lewis agreed to a three-year ban on serving as a public company’s officer or director and to pay $10 million to settle claims by New York’s attorney general that he misled investors about the bank’s 2009 purchase of Merrill Lynch & Co. . .

http://www.bloomberg.com/news/2014-03-26/bofa-lewis-reach-25-million-pact-with-n-y-over-merrill.html

Credit Suisse (CSGN.VX) could cut up to 500 jobs at its private bank as part of a cost-saving drive, a Swiss newspaper reported on Sunday. . .

http://uk.reuters.com/article/2014/03/23/uk-creditsuisse-employment-idUKBREA2M08M20140323