AGP Executive Report
Last update: 8 hours agoCentral Banking Watch: The Reserve Bank of Australia is set to announce its next move, with markets expecting a 25 bps hike to 4.60% and debate over whether more tightening is coming. Mortgage Market Shift: In the US, conforming mortgages have slipped to under half of rate-lock volume, while Non-QM is taking a bigger share. Payments & Crypto Rails: Citi and Coinbase are expanding their collaboration to connect traditional banking with blockchain-based payments, including Coinbase virtual accounts powered by Citi’s virtual account wallet and fiat-to-stablecoin flows. Crypto Banking in Belarus: Belarus has registered its first crypto banks under a new framework, allowing token activity alongside conventional banking within the High-Tech Park. UK Housing Finance: Labour’s new “Your First Home” scheme for first-time buyers is boosting UK housebuilders after criticism of the old Help to Buy model. Banking Operations & Labor: India’s planned three-day bank strike was deferred after UFBU and IBA agreed to discuss a five-day banking week. Tech in Banking: Hana Financial Group is rolling out a private 5G “smart office” with Samsung and SK Telecom to support enterprise AI and tighter security.
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.
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