AGP Executive Report
Last update: 2 hours agoDepositor Protection: Nigeria’s NDIC says it has paid N1.48 billion to 10,312 customers of 47 closed microfinance banks, using BVN checks to speed claims. Banking Growth: Lake City Bank plans a Fort Wayne branch and commercial banking hub, while TowneBank’s planned Blueharbor acquisition further shrinks North Carolina’s pool of independent banks. Rates & Liquidity: India’s recent repo-rate hike is pushing lenders to raise loan rates; a fresh RBI liquidity mop-up drew less than half its target, as banks balance funding needs and bond-market pressure. Cybersecurity: A breach at auditor Mercadien exposed customer data tied to at least nine banks and credit unions, while AI-assisted attacks on South Korean banks are prompting tighter scrutiny of financial-sector defenses. Payments: Italy’s CDP Venture Capital invested $27 million in TrueLayer, backing its Pay by Bank network as Europe seeks to strengthen homegrown payment rails.
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