AGP Executive Report
Last update: 11 hours agoIPO Scrutiny: Australia’s securities regulator is examining the failed Firmus float and speaking with lead managers including Bank of America, JPMorgan and Morgan Stanley. ASIC says it has not yet launched a formal investigation; investors have questioned claims the offer was oversubscribed. Central Banks: ECB President Christine Lagarde will leave on February 7, nine months early, opening a contest to choose her successor. The Fed held rates at 3.75%–4%, while the Bank of Canada raised its key rate to 2.5%. UK Banking: Lloyds reported a sharp third-quarter profit rise but warned the government’s temporary surcharge increase, from 3% to 6%, could weigh on growth and competitiveness. Capital Markets: Sharjah Islamic Bank’s $500 million sukuk drew $1.3 billion in orders, signalling strong investor demand. Indian Banking: Equitas Small Finance Bank shares plunged nearly 20% after CEO P. N. Vasudevan resigned, despite the lender posting a record quarterly profit.
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