AGP Executive Report
Last update: 6 hours agoUK Budget: Chancellor John Healey raised the bank-profit surcharge from 3% to 6% for 15 months to help fund household energy relief, including a £100 payment for eligible households. The £20,000 annual Cash ISA limit stays, and a starter ISA is planned, but tax on savings and property income is rising to as much as 49%. Savings Rates: Major US banks are offering CDs paying up to 4.5%, with terms of seven to 12 months. Banking Fraud: Fraud-prevention startup Casap raised $56 million to help banks handle rising card disputes, including claims driven by customer fraud. Household Finances: A new survey found nearly 80% of Americans have a major financial regret, commonly delayed retirement saving or credit card debt. More than one in four working-age adults also struggled to repay credit used for groceries.
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