AGP Executive Report
Last update: 6 hours agoCybersecurity: South Korean banks plan to boost security spending after AI-assisted attacks exposed customer data, but separate figures show seven major financial firms cut information-protection budgets this year, including Woori Bank by 21.7%. Fraud Claims: A Jefferies-run fund alleges nearly US$900 million in Radiant World receivables-financing deals involved fabricated documents, adding to roughly US$500 million in disputed invoices cited in other lender cases; the companies deny wrongdoing. Banking Conditions: Ghana’s banking assets rose 20.5% year on year to GH¢500.2 billion in August, while capital adequacy improved and non-performing loans fell. Markets and Policy: Singapore bank shares steadied Friday after a sharp weekly retreat, with investors weighing earnings and bond-market risks. India’s RBI will require banks to maintain at least 99% of their cash reserve ratio daily from Oct. 16, up from 90%.
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