AGP Executive Report
Last update: 11 hours agoCybersecurity: Japan’s regional banks are joining forces to counter AI-enabled attacks, while software provider Abrigo confirmed unauthorized access forced its Sageworks lending platform offline and left borrower data under investigation. Markets: Nomura says banks face a “hedging squeeze” as demand for structured notes booms but buyers of volatility retreat; US issuance is on track for about $300 billion this year. Rates: At an OMFIF forum, Bulgaria’s central bank chief said further ECB rate hikes may be needed if inflation pressures persist, with euro-area inflation at 3.8% in September. Banking Services: Truist has expanded merchant tools with faster onboarding, payment insights and integrations with Clover and Paze. China: Regulators reportedly told investment banks to pause IPOs and large shareholder sales until markets recover after a sharp October selloff.
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