AGP Executive Report
Last update: 4 hours agoLiquidity: Nigeria’s central bank is offering N1.5 trillion in bills to absorb excess cash, with a further N2.45 trillion in inflows expected this week. Cyber Risk: French lender Crédit Mutuel Arkéa says attackers used a supplier platform to move $133 million from the bank before converting the funds to cryptocurrency. Reserve Management: Singapore launched a gold-vaulting service for foreign central banks, with capacity for up to 500 tonnes. IPO Watch: Anthropic retracted inaccurate IPO pricing details sent to banks; the draft had indicated a potential raise of up to $69.3 billion. Banking Charters: Coinbase secured full OCC approval for a national trust bank charter, subject to restrictions. Bank Failure Fallout: Paraguay’s Ueno Bank collapse has left millions facing frozen deposits and intensified political turmoil. Payments Leadership: Bank of Korea Governor Shin Hyun-song became the first Asian to chair the BIS payments committee, which sets global standards for payment systems and stablecoins.
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