AGP Executive Report
Last update: an hour agoUK Banking: Metro Bank has launched a sale process after a record first-half pre-tax profit of £61 million, while keeping its standalone plan in play. Customer Fees: Australia’s ASIC is suing Commonwealth Bank over allegedly undisclosed business-account fees; CBA says it has repaid affected customers but will contest parts of the case. Lender Oversight: India’s central bank is considering rules to stop private equity firms controlling multiple non-bank lenders, citing contagion risks. Earnings: Indian banks’ second-quarter profits rose 20% year on year, helped by lower provisions and stable asset quality. Inflation: Türkiye raised its 2026 inflation forecast to 29.5% from 28%, citing geopolitical tensions and higher energy costs. Investment Services: First Abu Dhabi Bank acquired Bahrain’s Yasira Financial Services to expand fund administration and custody offerings. Deposit Risks: Paraguay’s central bank says 1.8 million eligible Ueno Bank customers have received partial guarantee payouts, but much of the money held at the collapsed lender remains unrecovered.
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