AGP Executive Report
Last update: 10 hours agoBank Earnings: India’s central bank raised its repo rate by 25 basis points to 5.5%, putting near-term cuts off the table. Banks now face a test of deposit costs, margins and credit growth as quarterly results approach. Cybersecurity: An AI penetration-testing tool linked by CrowdStrike to attacks on South Korean financial firms has been taken private. The breaches exposed data on about 68,000 people, including income and loan-limit details. Bank Capital: China sold the first CNY150 billion tranche of special government bonds to help recapitalize major state-owned banks and insurers. Digital Assets: BNY is expanding regulated crypto custody for institutional clients in the EU under the bloc’s MiCA framework. Shareholder Returns: TD Bank received regulatory approval for a share buyback of up to $10 billion.
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