AGP Executive Report
Last update: 5 hours agoParaguay Crisis: Digital lender Ueno Bank has entered resolution after its capital fell below the legal minimum, leaving accounts frozen for about 2.8 million customers and triggering protests and an impeachment push against President Santiago Peña. Cybersecurity: India’s I4C warned banks, lenders and fintechs that AI-assisted attacks are exploiting payment systems and APIs to move money rapidly; it called for stronger controls and six-hour incident reporting. In the US, the OCC issued its first guidance for examiners reviewing banks’ AI use. Rates and Markets: Australian lenders including Westpac, CBA and ING will raise variable mortgage rates by 0.25% from November 13. In Malaysia, bank shares led gains ahead of the central bank’s rate decision. Banking Moves: India’s competition regulator cleared Kotak Mahindra Bank’s acquisition of Deutsche Bank’s retail and private banking businesses. Credit Outlook: Moody’s says Greek banks’ profitability, liquidity and capital provide solid buffers, though rising bad loans and cyber risks remain concerns.
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