AGP Executive Report
Last update: 4 hours agoDubai’s Financial Hub: UAE finance chief Sheikh Maktoum met BPCE chief Nicolas Namias to discuss expanding cooperation in banking and investment, as Dubai seeks to attract more global institutions. Bank Earnings: JPMorgan, Citi, Goldman Sachs and other major lenders report next week as rising bond yields weigh on bank shares; analysts expect Indian banks’ profits to grow, but margins remain under pressure. India’s Liquidity: The RBI will require banks to maintain at least 99% of their daily cash reserve requirement, up from 90%, from October 16. AI Risks and Innovation: A reported AI-assisted cyberattack on South Korean banks has sharpened calls for stronger safeguards. Separately, HSBC and Ant Digital are testing AI-agent payments using tokenized deposits. Banking Overhaul: Bangladesh’s central bank says rebuilding the sector could require Tk60,000 crore annually for five to eight years.
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