AGP Executive Report
Last update: 4 hours agoCyber Risk: CrowdStrike says a likely China-based attacker used AI tools to target at least nine South Korean banks, with data stolen; the activity has not been tied to a named group. Cross-Border Payments: Ecobank is joining China’s CIPS network to streamline yuan settlements across its 34 African markets, as trade between China and Africa grows. Rupee Liquidity: Indian banks are asking the RBI to scrap a 20% cash-deposit rule on some foreign-exchange hedges, warning it could tie up rupee liquidity. The central bank has also raised banks’ daily minimum cash-reserve requirement to 99% from 90%. Legal Exposure: 1MDB is discussing a settlement with Deutsche Bank Malaysia over a suit alleging involvement in the misappropriation of funds; terms were not disclosed. Earnings Watch: Major U.S. banks report this week, offering a read on lending, trading and the impact of higher rates.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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