AGP Executive Report
Last update: 12 hours agoPhilippines Impeachment: The Senate impeachment court cleared subpoenas for Vice President Sara Duterte’s bank, tax and AMLC records, ordering production of documents tied to Duterte, her husband Manases Carpio, and related companies—while excluding foreign-currency deposits under confidentiality rules. UK Macro: The UK unemployment rate held at 4.9% (March–May), with vacancies falling and private-sector wage growth easing to 2.9%, alongside a June public-sector borrowing drop. Banking & Regulation: Revolut secured an APRA deposit-taking licence and launched Revolut Bank Australia, while Australia’s banking industry urged faster access to ATO data via open banking to cut fraud risk. Markets: India’s Nifty slipped below 24,200 as IT and private banking stocks dragged, with broader markets holding up better. Payments Infrastructure: Bosnia’s central bank launched a domestic instant payment system available 24/7, and Bosnia’s rollout began with major banks joining in the first phase. Dealmaking: OTP Bank agreed to buy Baltic lender Luminor, expanding OTP’s footprint across 14 countries. Corporate Finance: JPMorgan and other US banks are close to funding parts of Japan’s $550bn investment plan, as Tokyo seeks progress on its US commitments.
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