AGP Executive Report
Last update: 7 hours agoBerkshire Hathaway’s cash deployment: Greg Abel’s Berkshire boosted Delta and Alphabet stakes while drawing down its cash pile, signaling a more active buy-and-invest phase after Buffett-era deal restraint. Cyber and AI risk watch: Switzerland’s FINMA warned banks and insurers that cyberattacks are rising fast and that advanced AI threats are sector-wide, pushing firms to tighten operational resilience and third-party controls. Gold rush for reserves: Central banks are driving another leg higher in bullion as rate expectations soften and geopolitics keep safe-haven demand firm. RBI FCNR(B) deadline: India’s RBI is closing the FCNR(B) window early on Aug 31 after banks pulled in $52.3bn, tightening FX planning for lenders. Nigeria sanctions compliance: The SEC ordered capital market firms to cut correspondent banking and restrict dealings tied to North Korea and Iran under updated AML/CFT rules. HSBC Canary Wharf overhaul: Plans are in motion to transform HSBC’s landmark tower into a mixed-use destination, including a hotel and public rooftop space. BPTP/FEMA probe: India’s ED detailed Mauritius-linked FDI allegations tied to BPTP and its chairman, with bank lockers frozen and documents seized. Food banks squeeze: SNAP cuts are leaving freezers empty and demand rising, adding pressure to community support systems.
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