AGP Executive Report
Last update: 7 hours agoDigital Finance: BNY is expanding regulated crypto custody in the EU under MiCA, while Swift’s new Supervisory Board will steer its strategy for tokenized assets and faster cross-border payments. Cboe Clear Europe plans to add U.S. equities to its securities-lending clearing service. Market Signals: Financial-sector insiders bought their own companies’ shares at the slowest pace in nearly 23 years, just as major banks prepare to report earnings. Fed minutes showed most officials backed another rate hike in 2026. AI Funding: Broadcom is reportedly arranging more than $50 billion in financing for OpenAI chips, while SpaceX is seeking $40 billion to buy Nvidia chips—underscoring the scale of capital flowing into AI infrastructure. Credit and Deals: UK credit-card defaults rose as household pressures mounted. Fairfax has committed up to $2.3 billion to help fund the Weston family’s $8.9 billion acquisition of Boots. Emerging Markets: Pakistan secured a $1.21 billion IMF deal.
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