AGP Executive Report
Last update: 10 hours agoCrypto and Banking: Kraken parent Payward agreed to buy Lithuania’s Saldo Bank, seeking an EU banking licence and a foothold in deposits and lending. Germany is also leading MiCA approvals for banks entering crypto. German Expansion: Crédit Agricole is launching a digital-first retail bank in Germany and has agreed to buy Mittelstand lender IKB. Economy and Markets: Germany’s economy is expected to have slowed in the third quarter as energy costs and shipping disruptions weigh, despite a brighter growth outlook. Hot U.S. inflation data also triggered a global tech sell-off and pushed yields higher. EU Financial Rules: Member states agreed to shift some oversight of major markets to ESMA, but Germany helped secure a narrower reform that protects Deutsche Börse. Berlin remains at odds with other EU leaders over the bloc’s next long-term budget.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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