AGP Executive Report
Last update: 5 hours agoHousehold Credit: UK banks may face a sharper rise in unpaid loans as household savings fall to a three-year low. Analysts expect major lenders to set aside £4bn for loan losses in 2027, while 55% of households say they could cover no more than three months after losing a job. Savings Rates: Major U.S. banks were offering certificates of deposit at up to 4.40% on October 21, with terms of seven to 12 months. In Pakistan, profit rates on several government savings schemes have also risen, including to 12.96% for pensioner and senior-citizen accounts. Credit Card Costs: Australia’s removal of surcharges on tax payments gives businesses a chance to earn card rewards without the extra fee, though processing costs remain and could be passed on to customers. Building Credit: RBC research finds 21% of Canadian students aged 18–24 have no credit score or don’t know it, and 42% of those surveyed have already faced consequences from limited credit history.
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