AGP Executive Report
Last update: 8 hours agoParaguay Banking Crisis: President Santiago Peña was impeached after Ueno Bank’s collapse left about three million customers unable to access their accounts, triggering protests and raising questions over oversight and depositor protection. Bank Rakyat Service Disruption: The Malaysian lender said a third-party technical issue temporarily affected its corporate website, but deposits and customer data remain safe; transactions continue through its other digital channels. AI and Central Banks: IMF chief Kristalina Georgieva warned that a slowdown in AI-led growth could complicate central banks’ fight against inflation and add to market volatility. US regulators, meanwhile, issued new guidance on banks’ use of AI. Lending and Investment: India’s RBI proposed tighter checks on gold-backed farm loans under draft priority-sector rules, while TPG’s Rise Funds agreed to invest up to $85 million in Indian lender Arka Fincap to expand secured lending and technology. Brazil Outlook: Major banks cut their 2027 growth forecasts, citing high interest rates and tighter financial conditions.
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