AGP Executive Report
Last update: 4 hours agoHousehold Pressure: U.S. consumer sentiment fell to 48 in October, near a record low, as inflation worries persisted. In Argentina, 34% of people say they can’t cover monthly expenses, and many turn to credit cards to fill the gap. Credit Cards: MPs are considering cutting minimum repayments from 5% to 2% and aligning billing dates. Rogers and Fido plan to add a 1.6% fee to bills paid by credit card from 2027. Savings: Nationwide raised rates on fixed-term savings and cash ISAs to as much as 5%, while a new savings account offers 5.21%. Banking: Buy-now-pay-later firm Sezzle has applied for a U.S. national bank charter and deposit insurance, with plans to offer checking, savings and credit products. Borrowing Costs: A proposed UK bank tax could raise mortgage and loan costs, according to industry analysis.
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