AGP Executive Report
Last update: 6 hours agoBank Results: Indian lenders posted mixed second-quarter results: ICICI, Axis and Punjab National Bank grew profits, while HDFC Bank’s modest gain missed estimates as margins came under pressure. Credit Card Costs: Scotiabank will end its 4% rewards rate on rent and tax payments across four Momentum cards from October 22, cutting returns for customers who use them for large bills. Household Debt: Reports point to more US families falling behind on debt, with a survey finding nearly three in four Americans caught in a credit-card debt cycle. Fraud Alert: A UK woman who used fake accounts to run up £18,000 in debt in her daughter’s name received a suspended prison sentence; the debt had led to court judgments against her daughter. Digital Banking: Bulgaria’s Postbank plans to add access to stocks, funds, commodities and crypto to its banking app in 2027, including fractional investing.
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