AGP Executive Report
Last update: 2 hours agoGCC Banking Stability: GCC central bank governors said the region’s banking system remains resilient, citing rising deposits (up 6% to about $2.45tn by end-June) and stronger bank assets (over $4tn), supported by liquidity and capital buffers. Nigeria Sovereign Bonds: J.P. Morgan reinstated Nigeria into its bond index after more than 11 years, a move expected to draw fresh foreign capital and improve liquidity in local-currency government debt. Fed Rate-Hike Watch: Major banks including Goldman Sachs, J.P. Morgan, HSBC and Deutsche Bank are forecasting a Fed quarter-point hike, with “higher for longer” concerns tied to hotter-than-expected inflation and energy prices. Payments & Banking Careers: U.S. Bank named Calvert Lange to lead payments and treasury sales for key sectors, while U.S. Bank also continues expanding its institutional payments push. New Bank Charter: Nola Bank opened in New Orleans as Louisiana’s first new chartered bank since 2010, launching with $29.2m in investor capital and plans for MDI status. Crypto Data Funding: Kaiko secured a $110m Series B led by S&P Global, with major banks and market players joining the round.
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