AGP Executive Report
Last update: 42 minutes agoBank Lending Pressure on Small Firms: Philippine banks grew MSME credit in Q1 2026, but lending still misses the legal minimums—small-business loans rose to ₱574.8bn, yet only 4.7% of total bank lending, far below the 10% required. US Banking Outlook: Wells Fargo CFO said net interest income should “step up” in Q2, with loan growth holding up and consumers staying resilient. UK Housing Tax Debate: MPs urged scrapping stamp duty land tax, arguing it hurts affordability and slows the housing market. Fraud and Consumer Risk: UK Trading Standards warned AI chatbots are being used to push “poisoned” links to scam websites; separately, a UK carer was sentenced for stealing £20k from a vulnerable man’s bank account. Digital Banking Moves: Revolut launched a 5% easy-access savings rate for new customers (up to £25k) for a limited period. Crypto Meets Finance: Morpho raised $175m for DeFi lending infrastructure, while Coinbase and Cardless rolled out a stablecoin-collateralized credit card using USDC.
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.
Perspectify News
/https://i.s3.glbimg.com/v1/AUTH_63b422c2caee4269b8b34177e8876b93/internal_photos/bs/2026/V/u/9q3VXcT8aVMsLJI4XtEw/foto09fin-101-deben-c1.jpg)
