AGP Executive Report
Last update: 2 hours agoBanking Leadership: Citi hired Andrew Conway as global chair of consumer and retail investment banking, aiming to grow market share in a key franchise. Resolution Planning: The FDIC is reshaping “resolution readiness” for large banks, sparking debate over whether regulators should focus on likely outcomes or keep detailed plans for rare but catastrophic scenarios. Market & Stocks: Geojit upgraded Torrent Power to BUY with a Rs 1,638 target, citing renewable expansion and distribution strength; in Bangladesh, Beximco and Islami Bank shares slid after the regulator lifted a long-standing floor price rule. Liquidity Stress: Islami Bank Bangladesh sought Tk 100bn liquidity support from Bangladesh Bank after deposit withdrawals surged amid management uncertainty. Payments Risk: A study warns that instant payments can force banks to hold more high-liquidity assets, changing liquidity management and risk-taking. Geopolitics & Finance: Western countries expanded sanctions tied to West Bank settler violence, while France barred Israeli Finance Minister Bezalel Smotrich from entering the country. Crypto & Policy: SBI Shinsei Bank plans crypto vouchers linked to deposit interest, nudging mainstream savings toward a regulated crypto on-ramp. Corporate Finance: World Bank granted a six-month interim extension for a delayed $300m Metro Manila quake-preparedness project.
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