AGP Executive Report
Last update: 6 hours agoParaguay Banking Crisis: Prosecutors charged ousted President Santiago Peña and former central bank chief Carlos Carvallo over Ueno Bank’s collapse, which left millions unable to access savings. A judge ordered their pre-trial detention as authorities work to repay depositors. Cybersecurity: Crédit Mutuel Arkéa said attackers exploited a third-party provider to make fraudulent transactions worth about €100 million; the bank said customer funds were unaffected and it was working to recover the money. Gold Demand: Central banks bought 321 tonnes of gold in the third quarter, while ETFs added 211 tonnes, as investors sought protection from inflation and fiscal risks. Markets: Indian shares edged lower in a special Diwali session, with banking stocks among the biggest drags. AI Oversight: The UK’s FCA urged financial firms to build AI around customer needs, with stronger human oversight and operational safeguards.
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