Global Banking Monitor

Friday, May 24, 2024

Stripe employees get to sell $1bn of shares

It's good news for the Stripe employees...

Strategies for Upskilling Your Workforce in an AI-Driven Economy

In an era where artificial intelligence (AI)...

Five Strategies for Enhancing Internal Communications in Banks

In the fast-paced world of banking, effective...

Headline Feature

Apple Pay processes $6 trillion in 2022

For those executives who haven't been watching the continued growth of Apple Pay, the recent metrics published by Capital...

We're in the process of updating our Digital Transformer series for 2024. In the meantime please check our 2023 edition: Read more.

Latest News

Stripe employees get to sell $1bn of shares

It's good news for the Stripe employees who, the WSJ reports, are being allowed to sell their stock to...

Strategies for Upskilling Your Workforce in an AI-Driven Economy

In an era where artificial intelligence (AI) is reshaping the landscape of work, preparing your teams for an AI-first...

Featured Articles

Riding the Digital Wave: Fintech Trends Reshaping Kazakhstan’s Finance...

Explore the fintech trends reshaping Kazakhstan's financial landscape, from the rise of digital payments and open banking to the growth of super-app ecosystems and the democratisation of capital markets.

430,000 Revolut customers were waitlisted for the Ultra plan

Revolut Ultra launched late last month as the neo bank’s new premium subscription tier. Their press release makes for stimulating reading, especially the first bullet point: Over 430,000 Revolut customers in the UK and EEA...

Russian Central Bank Signals Caution, Requires Months of CPI Decline Before Considering Rate Cuts – RBC

Russia's central bank will need two to three months to make sure that inflation is steadily declining before taking any decision on interest rate cuts, the bank's governor Elvira Nabiullina told RBC media on Sunday. The central bank raised its key interest rate by 100 basis points to 16% earlier in December, hiking for the fifth consecutive meeting in response to stubborn inflation, and suggested that its tightening cycle was nearly over. Read More : Russian Central Bank Signals Caution, Requires Months of CPI Decline Before Considering Rate Cuts - RBC

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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Debanking Unraveled: A Recap of Events and Current Standing of Banks

UK banking rules are in the midst of a shake-up after a turbulent year which saw former Ukip leader Nigel Farage spark a crisis at one of Britain’s largest banks. The so-called debanking row led to a clampdown on unfair closures of customer accounts. The issue...

Decelerating US Inflation Provides Boost to Economy

U.S. prices fell in November for the first in more than 3-1/2 years, pushing the annual increase in inflation further below 3%, and boosting financial market expectations of an interest rate cut from the Federal Reserve next March. The report from the Commerce Department on...

Raiffeisen’s Russia Deal Raises Questions as Executive Linked to Sanctioned Tycoon Emerges

Raiffeisen Bank International AG says it may finally have a way to move some of its assets out of Russia. What it hasn’t explained is why the complex, €1.5 billion ($1.7 billion) string...

Nigerian Central Bank Allows Crypto Trading, Lifts Previous Ban

Nigeria's central bank has lifted a ban on transacting in cryptocurrencies, while saying global trends had shown a need...

Bank of Japan Takes Steps Toward Normalization, but Full Transition Remains Incomplete

The news that economic policy minister Yoshitaka Shindo would be in attendance at the Bank of Japan’s policy meeting...

Indian Central Bank Expresses Uncertainty in Aligning Inflation with 4% Target

The Indian central bank’s objective of aligning inflation with its 4% target on a durable basis is far from...

Latest Awards from Global Banking Monitor

Sohar International: Best Ecosystem Banking App Award 2023

We have been closely following the recent launch of...

ADIB: Best New Digital Feature 2023

We'd like to congratulate the digital banking team at...

MVCC: Payments Innovation Award 2023

One of our valued contributors recently suggested we take...

Latest Opinion

Strategies for Upskilling Your Workforce in an AI-Driven Economy

In an era where artificial intelligence (AI) is reshaping...

Data is the new oil… well, ok, not yet.

This is an opinion post by Ewan MacLeod, originally...

Apple Financing: It’s actually happening

This is an opinion post by our Analyst team....

UBS to buy Credit Suisse for $2bn (Maybe) [Updated]

This is an opinion piece by our Analyst Team. Update...

More News

Japan’s Interest Rates in Spotlight: A Comparison That Puts Others in Perspective

Major banks in Japan have started raising interest rates...

Smart Interaction Granted Saudi License for Finance Integration Services

Saudi fintech firm Smart Interaction has obtained a license...

Can China Reclaim Its Economic Miracle in 2024?

China's disappointing post-COVID recovery has raised significant doubts about...

Bunq, the Neobank, Launches Customer-Facing General AI Tool

Bunq on Tuesday became the latest neobank to fold...

Santander Acquires 20% Stake in $9 Billion Signature Multifamily Portfolio

Signature Bridge Bank, under receivership of the Federal Deposit Insurance Corp., sold a 20% stake in a $9 billion portfolio to Santander Bank for...

US Short-Term Inflation Expectations Reach Lowest Point Since 2021

US consumers remained sanguine about the inflation outlook as 2023 drew to a close, contributing to a robust rebound in sentiment. Americans expect prices will...

US New-Home Sales Unexpectedly Hit One-Year Low

US new-home sales unexpectedly slumped in November, led by a sharp drop in the South and suggesting a bumpy road to recovery for the...

Swiss National Bank Welcomes Two New Deputy Rate-Setters

Switzerland’s government has enlarged the number of deputies for the Swiss National Bank’s rate-setting board, appointing two new officials who step in if the...

Central Bank’s Monetary Body Gets Crypto Specialist in Erdogan’s Recent Appointment

Turkey President Recep Tayyip Erdogan has appointed Fatma Ozkul, a professor who teaches about crypto assets and blockchain technology, to the central bank’s rate-setting...

IMF Data Reveals Decline in Dollar’s Share in Central-Bank Reserves

The dollar’s share in global central-bank reserves dropped in the three months to the end of September, while holdings of the Japanese yen rose,...

Dollar Weakens to Lowest Level Since July as Data Sparks Rate-Cut Speculation

The dollar extended its drop after the Federal Reserve’s preferred gauge of underlying inflation showed muted price gains, affirming the central bank’s pivot toward...

India’s Rate Panel Leans Towards Tighter Control on Inflation, Reveals Meeting Minutes

India’s rate setters wanted to stay cautious as volatile food prices lent uncertainty to the overall inflation trajectory and did not want to confuse...

Peru’s Central Bank Foresees Economic Shrinkage After Significant Adjustment

Peru central bank chief Julio Velarde said the nation’s gross domestic product will contract this year, marking the first time a government official publicly...

Bank of Montreal Modifies Loan Agreement for Warburg’s Everise Stake

A group of banks led by Bank of Montreal had to rework a debt sale that financed Warburg Pincus’ purchase of a stake in...

Modest Growth Signals a Soft Landing for Canada’s Economy

The Canadian economy is on track to avoid back-to-back quarterly contractions, with early data pointing to a slight rebound toward the end of the...

Goldman Sachs Distinctive in Predicting Turkish Rates Have Reached their Peak

Goldman Sachs expects Turkey’s interest rate hike on Thursday to be the last in the current tightening cycle, standing out from other banks that...

Barclays Anticipates BoE to Implement Rate Cut in May 2024

Barclays said on Friday it expects the Bank of England (BoE) to start its interest-rate cut of 25 basis points in May, compared to...

Global Economic Slowdown Expected in 2024 Due to High Rates, War, and Inflation

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and...

Morgan Stanley CEO Attributes 2023 Bank Failures to ‘Stupidity of Their Own Management

Morgan Stanley CEO James Gorman blamed mismanagement and recklessness for the spate of bank failures earlier this year. In an attempt to forestall another financial...

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