AGP Executive Report
Last update: 8 hours agoBanking Security: Major U.S. banks are blocking unauthorized AI agents from customer accounts, warning that automated tools could expose data or move money without permission. Nigeria Expansion: JPMorgan won preliminary approval to establish a merchant bank in Nigeria, pending final regulatory conditions. Central Banks: Russia held its key rate at 14% and raised its 2026 oil-price forecast to $72 a barrel, while signaling rates may stay high for longer. Bank Results: IndusInd Bank reported a second-quarter profit of ₹1,242 crore as asset quality improved; Bank of India expects proposed UPI fees to add nearly ₹100 crore per quarter. Financial Oversight: Hungary’s former central bank governor was arrested in a probe into missing bank funds. Canada’s consumer watchdog also found bank fees can be difficult to understand and compare. Investment: Switzerland approved its first domestic spot Bitcoin ETF under public investment-fund rules. Development Finance: The European Investment Bank will provide Moldova €150 million to modernize farms, food processing and distribution, with EU backing.
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