AGP Executive Report
Last update: 34 minutes agoCybersecurity: CrowdStrike says AI tools were likely used in attacks on at least nine South Korean banks, with data stolen. India’s Banking Shake-up: Fairfax was named buyer of a 60.72% stake in IDBI Bank for about $5.6 billion; it has also outlined a plan to resolve overlapping ownership of CSB Bank, with a merger emerging as one option. Bank Earnings: Higher interest-rate volatility weighed on fixed-income trading at several major U.S. banks, even as lenders reported mixed third-quarter results. Fair Banking: A U.S. regulator’s review of nine large banks found policies that restricted services to some customers based on political, religious or social views; the banks are named in the report. Debt and Rates: The IMF urged advanced economies to act on rising debt as global public debt heads toward 100% of GDP and bond yields climb to multi-decade highs.
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