AGP Executive Report
Last update: 6 hours agoBank Earnings: Europe’s major lenders beat third-quarter profit forecasts, with Deutsche Bank reporting a record profit. But euro-area banks are tightening lending as demand weakens. Tax and Policy: Italy’s 2027 budget raises taxes on banks and insurers, seeking more than €5 billion from financial firms; the UK also plans a bank-tax rise, smaller than feared. Digital Finance: Aviva Investors has put £50 million of its sterling liquidity fund on the XRP Ledger, while Euronext suspended CoinShares’ Zcash ETP over settlement issues as EU restrictions on privacy coins loom. Investment: The EIB and Italy’s CDP plan €500 million in financing for SME innovation and growth. Markets: European shares wavered amid earnings, higher oil prices and central-bank decisions, with the ECB expected to hold rates.
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