AGP Executive Report
Last update: 3 hours agoWealth Planning & Policy Watch: RBC Wealth Management says clients should avoid knee-jerk moves as the UK changes leadership, focusing instead on how potential shifts in inheritance tax and gifting rules could affect wealth transfers. Banking & Wealth Management Results: NatWest’s private banking and wealth unit (including Evelyn Partners) lifted operating profit to £212m for the six months to June 30, with AUM growth driven by the £2.2bn acquisition. Wealth Management Restructuring: CaixaBank reorganized its wealth and asset management arms and named Juan Llamas head of CaixaBank Wealth Management. Fraud & Financial Crime: A Haitian diaspora scamster, Marc Henry Menard, was convicted after stealing $600k+ from investors by promising monthly returns and using funds for personal luxury spending. Financial Crime Crackdown: Indian police arrested a gang that made fake gold jewelry, pledged it at banks/finance firms for loans, and defrauded a gold buyer. Digital Finance & Inclusion: A Philippine fintech group backed an open finance bill that would let consumers authorize transfer of alternative data (up to 24 months) for credit checks. Financial Literacy Push: Malaysia’s mySalam recorded a financial literacy podcast on Mount Kinabalu for a national record, using the “financial mountain” message to tackle debt and cost-of-living stress. Development Finance Reality Check: A report argues Africa’s development-finance bargain is unraveling as Western aid shrinks and lenders retreat, shifting risk and control to terms Africa can’t set. Agriculture Finance Data: Nigeria’s NADF and NBS signed an MoU to improve agricultural data for evidence-based financing and investment. Market/Corporate Finance: Avaada secured about $1.3bn financing for a 2,150MW renewable portfolio, backed by major Indian lenders.
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