AGP Executive Report
Last update: 10 hours agoPrivate Banking: JPMorgan has established a dedicated private banking presence in Dubai’s DIFC, expanding services for wealthy clients across the UAE and Middle East. Credit Markets: Apollo launched a European performing-credit platform with more than €10 billion in lending capacity, backed by investors including Standard Chartered and Norinchukin Bank. Cybersecurity: Indian microfinance lender Spandana Sphoorty reported about ₹78 million in unauthorised transfers from a bank account and is seeking to freeze recipient accounts and recover the funds. Lending: Household loans at South Korea’s five largest banks rose by 2.77 trillion won in October, rebounding despite tighter rules and higher rates. Bank Earnings: Westpac New Zealand’s annual profit fell 14% to NZ$1.04 billion as lending competition squeezed margins and impairment charges rose.
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