AGP Executive Report
Last update: 4 hours agoCybersecurity: Three South Korean financial firms — Daishin Securities, Mirae Asset Global Investments and crypto exchange Bithumb — reported customer data breaches; Daishin said 38,490 customers were affected. South Korea’s Severance Reform: The government plans to require companies to deposit severance funds with external financial institutions, starting with larger employers in 2028, after unpaid severance reached 41% of reported unpaid wages. AI Financing: Wall Street banks and Blackstone arranged $63 billion to finance Broadcom chips and networking equipment for Anthropic, deepening financial-sector exposure to the AI infrastructure boom. Trade Finance: Africa Finance Corporation and Munich Re launched a $1 billion risk-sharing programme to expand trade finance for African banks. Private Credit: Ares Capital agreed to acquire MidCap Financial Investment in a stock-and-cash deal valued at about $2.6 billion. Markets: Visa beat earnings estimates as quarterly revenue climbed 13%; SoFi reported record quarterly revenue of $1.39 billion, with crypto activity growing but contributing little net revenue.
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