Global Banking Monitor

Thursday, March 30, 2023

Headline Feature

Apple Financing: It’s actually happening

This is an opinion post by our Analyst team. First, let's have a stream of consciousness from the banking market: For years now, every technology presentation to the executive team or board of a bank has included some sort of mention of GAFA, NAFA, MAFNA, MAAA -- letters equating to something like "Google Alphabet Apple Facebook Meta Amazon Netflix...

Latest News

China’s Large Loans to Certain Countries Result in Billions Spent on Their Bailout

For the past decade, China has lent massive sums to governments across Asia, Africa and Europe, growing its global influence through infrastructure megaprojects and becoming one of the world’s biggest creditors. Now, a new study says...

Bank of England Urges Swift Action on Funds that Nearly Brought Down UK Financial System

The Bank of England has called for urgent action to address a weak spot in the UK financial system as persistent worries about the global banking sector threaten to unleash fresh market turmoil. The...

JPMorgan and Goldman Sachs to Begin Trading Private Credit Loans

Wall Street banks are looking to start trading private credit loans as they seek to make inroads into the lucrative world of direct lending, a potential first step that could ultimately reshape the largely buy-and-hold...

Featured Articles

Bryan Carroll steps down as CEO of Vietnam’s TNEX...

Bryan Carroll today announced that he is stepping down as CEO of Vietnam's TNEX digital bank. He posted the news directly on his LinkedIn feed earlier today and indicated he will resign his position...

The Banking Run: Can’t we all just relax a...

This is an opinion piece by our Analyst Team. So after the on-going Silicon Valley Bank debacle - something we've all been obsessing over during the last week or so - we've also been having...

Investors Concerned About Deutsche Bank’s Fate Look to Gold as a Safe Haven

After Silicon Valley Bank became the second-largest bank of all time to fail, investors and analysts across the world have been sounding alarm bells. Some fear that the entire banking system is still at risk, but many think that the Treasury Department’s decision to bail out depositors was enough to solve the problem. The crisis raised concerns about the stability of all major banks, but Deutsche Bank, one of the world's largest and most scrutinized financial institutions, is worrying investors more than others. Deutsche Bank was already not in the best shape when the recent banking crisis started. The German banking giant has faced numerous challenges in recent years, with its...

Events & Conferences Spotlight

Dubai Fintech Summit 2023

http://www.dubaifintechsummit.com The Dubai FinTech Summit 2023 will set a global benchmark for the way enterprises...

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Recession Fears Re-emerge as Banking Turmoil Continues

The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse's rescue, and the ensuing turmoil in world markets have re-ignited the recession risks that appeared to have abated just a few weeks ago. Traders now bet the Federal Reserve...

Sergio Ermotti appointed as new CEO of UBS to spearhead Credit Suisse turnaround

UBS is bringing back its former chief executive, Sergio Ermotti, to manage the hugely complex and risky task of completing the bank’s emergency takeover of rival Credit Suisse (CS). The surprise appointment, announced Wednesday, highlights the scale of the challenge facing the Swiss lender as...

Newmark Group Hired by FDIC to Sell Billions in Signature Bank Debt, Says Source

The Federal Deposit Insurance Corp (FDIC) has hired Newmark Group Inc to sell about $60 billion of failed lender Signature Bank's loans, a person familiar with the matter told Reuters on Wednesday. The U.S....

Kenya’s Central Bank Raises Benchmark Rate to Five-Year High

Kenya’s central bank surprised financial markets by raising borrowing costs to an almost five-year high because of sustained inflationary...

Top Nigerian Bank Allocates $267 Million in Response to Ghana’s Debt Restructuring

Zenith Bank Plc, Nigeria’s biggest lender by market value, said it set aside 123.4 billion naira ($267 million) in...

UBS’s Kelleher Claims Credit Suisse Integration More Complex Than 2008 Crisis Deals

UBS Group AG Chairman Colm Kelleher said that the task of integrating Credit Suisse Group AG is bigger than...

Latest Awards from Global Banking Monitor

National Bank of Kuwait: Best App Update, 2023

29th March 2023, Dubai: We've been closely following the...

Alizz Islamic Bank: Best Digital UX, 2023

29th March 2023, Dubai: We return to Oman this...

QNB: Best New Mobile Banking Experience, 2023

29th March 2023, Dubai: Earlier this month the team...

RAKBANK: Best Digital SME onboarding, 2023

16th March 2023, Dubai: We are continuing our awards...

Canada’s Dividend Tax Change Aims to Collect Billions from Banks

Finance Minister Chrystia Freeland is planning to raise billions...

National Bank of Kuwait: Best App Update, 2023

29th March 2023, Dubai: We've been closely following the...

Alizz Islamic Bank: Best Digital UX, 2023

29th March 2023, Dubai: We return to Oman this...

QNB: Best New Mobile Banking Experience, 2023

29th March 2023, Dubai: Earlier this month the team...

Apple Financing: It’s actually happening

This is an opinion post by our Analyst team. First, let's have a stream of consciousness from the banking market: For years now, every...

World Bank predicts a lost decade ahead

Overlapping crises could lead to a sharp slowdown, the institution warns Average potential global economic growth will slump to a three-decade low of 2.2% per...

China’s industrial profits hampered by soft demand and elevated costs

As the world's second-largest economy is still struggling to fully recover from the long-term effects of COVID-19, most notably soft demand and high costs,...

Signs of economic decline emerge in Russia

The opening months of Russia’s invasion of Ukraine last year drove an increase in oil and natural-gas prices that brought a windfall for Moscow....

Markets mistaken on US rate-cut bets, says BlackRock

The Federal Reserve will keep raising interest rates despite traders betting otherwise as fears of a banking crisis convulse markets, according to BlackRock Inc. The...

Gundlach predicts US recession will start in upcoming months

Doubleline Capital’s Jeffrey Gundlach said on CNBC that he expects a US recession will start in a few months, and that the Federal Reserve...

Recession in 2023 is unavoidable; layoffs in tech and finance to impact other sectors

More than a year ago, I forecast a recession would begin in the second half of 2023. That was a no-brainer. Years of virtually...

Morgan Stanley suggests that the end of the bear market may be approaching

This year started with a strong rally in the markets, but the past month has seen the positive sentiments start to sputter. The failure...

Regulators cite social media for SVB’s rapid collapse, calling it a “complete game changer”

Silicon Valley Bank's (SIVB) stunning collapse has brought a new element to the conversation about what role management, regulators, and investors may have played...

US consumer confidence on the rise as house price inflation eases

U.S. consumer confidence unexpectedly increased in March despite recent financial market turmoil sparked the collapse of two regional banks, but Americans continued to expect...

Analysis shows investors seeking value in battered U.S. regional bank stocks

As U.S. banking contagion worries ebb, some investors are hunting for shares of fundamentally strong regional lenders that were swept up in this month's...

Americans’ expected home price growth shows broad decline, says NY Fed

Americans’ expectations for home price increases over the next year moderated sharply in a new report on the outlook for the housing sector, released...

Congress grills US regulators over bank collapses

A top U.S. regulator told a Senate panel on Tuesday that Silicon Valley Bank did a "terrible" job of managing risk before its collapse,...

Bank offices raided in France by financial prosecutors over dividend stripping, spokesperson confirms

French authorities on Tuesday searched offices of several large banks, including Societe Generale, BNP Paribas and HSBC on the suspicion of money laundering and...

Bank of England chief cautions to stay vigilant as the market tests banks for weaknesses

Bank of England Governor Andrew Bailey on Tuesday vowed to be “very vigilant” amid ongoing volatility and suggested that the market is “testing out”...

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