AGP Executive Report
Last update: 17 minutes agoBank Lending Pressure on Small Firms: Philippine banks grew MSME credit in Q1 2026, but lending still misses the legal minimums—small-business loans rose to ₱574.8bn, yet only 4.7% of total bank lending, far below the 10% required. US Banking Outlook: Wells Fargo CFO said net interest income should “step up” in Q2, with loan growth holding up and consumers staying resilient. UK Housing Tax Debate: MPs urged scrapping stamp duty land tax, arguing it hurts affordability and slows the housing market. Fraud and Consumer Risk: UK Trading Standards warned AI chatbots are being used to push “poisoned” links to scam websites; separately, a UK carer was sentenced for stealing £20k from a vulnerable man’s bank account. Digital Banking Moves: Revolut launched a 5% easy-access savings rate for new customers (up to £25k) for a limited period. Crypto Meets Finance: Morpho raised $175m for DeFi lending infrastructure, while Coinbase and Cardless rolled out a stablecoin-collateralized credit card using USDC.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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