AGP Executive Report
Last update: 2 hours agoCentral Banking & Policy: World Bank warned Lebanon’s economy is set to contract 6.4% in 2026 as war disrupts tourism, consumption and supply chains, while urging banking restructuring and fiscal reforms to restore confidence. UK Banking Compliance: DWP issued new rules for how banks must check eligibility for Universal Credit, Pension Credit and ESA-linked accounts, with limits on what banks can share. ESG & Ratings: Burgan Bank said MSCI upgraded its ESG rating from BB to BBB, citing stronger governance, disclosures and risk management. Household Finance: HMRC reiterated a 25% penalty risk on Lifetime ISA withdrawals for reasons outside strict criteria, potentially clawing back more than the bonus. Banking Sector Moves: Lloyds Bank plans to close five branches in September, including in Birmingham, Carlisle, Chelmsford and parts of London. Corporate Banking & Deals: OSK Property partnered with RHB Bank to extend home and renovation loans for selected under-construction properties. Banking Security: An 18-year-old was taken into custody after a reported attempted robbery at a Fifth Third Bank ATM in Butler Township. Regional Banking Performance: Equity Group reported 32% higher first-half profit, with net interest income up 17% and deposits rising 21%.
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