AGP Executive Report
Last update: 24 minutes agoImpeachment Court Fallout (Philippines): Manila’s Senate impeachment court denied subpoenas for two companies tied to VP Sara Duterte, citing insufficient links to her, while still ordering production of Duterte’s own peso records; it also ruled foreign-currency deposits stay confidential unless depositors consent, tightening how bank data can be used in unexplained-wealth claims. Banking Disputes (India): Calcutta High Court refused Mamata-led TMC interim permission to operate three ED-frozen party bank accounts, after the probe alleged large transfers tied to aviation purchases. Rates Watch (South Africa & Turkey): Bank of America expects South Africa’s SARB to lift the repo rate by 25 bps this week as inflation expectations drift from target, while Turkey’s central bank is widely expected to hold at 37% amid Middle East-driven oil and inflation risks. Digital Euro Pilot (Europe): RS2 Financial Services was selected as an acquiring provider for the Eurosystem’s digital euro pilot, moving from technical prep to real-world testing. US Banking Reform (Washington): A Main Street Capital Access Act package aimed at easing rules for small banks is nearing a House vote, with Senate hurdles ahead. Fraud & Security (US): A check-fraud ring pleaded guilty after coaching recruits to avoid detection, including tactics to keep debit cards off Apple Pay and unlink from Cash App.
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.