Global Banking Monitor

Sunday, September 8, 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...
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Canadian Economic Growth Exceeds Forecasts, Heightening Speculation of Rate Increase

By Pete Sadler
Photo by Praveen Kumar Nandagiri on Unsplash

The Canadian economy started off strong in the second quarter, extending a streak of better-than-expected growth and boosting the likelihood of another Bank of Canada rate hike.

Preliminary data suggest gross domestic product rose 0.2% in April, Statistics Canada reported Wednesday in Ottawa, led by mining, oil and gas, transportation and real estate. That followed a flat reading in the previous month, exceeding expectations for a 0.1% contraction in a Bloomberg survey of economists.

Read More : Canadian Economic Growth Exceeds Forecasts, Heightening Speculation of Rate Increase

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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 investors keen to get in on the pre-IPO action. This is very good news for Stripe employees! You can find out a lot more detail in the WSJ's...

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 workplace has become an imperative for businesses aiming to stay competitive. As AI continues to advance, it is not only automating routine tasks but also augmenting human capabilities,...

Five Strategies for Enhancing Internal Communications in Banks

In the fast-paced world of banking, effective internal communications are paramount to success. They not only facilitate the smooth operation of daily activities but also foster a collaborative environment that can drive innovation and improve customer service. Here are five strategies that can significantly enhance internal communications...

Unicredit reportedly in talks to buy Vodeno

UniCredit is considering an acquisition of Vodeno, aiming to enhance its banking services and technological capabilities. This strategic move could transform the banking sector, showcasing UniCredit's commitment to innovation and leadership in financial services. For more details, please visit BNN's post here: UniCredit Eyes Expansion Through Potential...

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 of transactions ends up with an executive who has a long history working for...

Nigeria Announces Takeover of Banks Acquired by Ousted Bank Governor

Nigeria said it will take possession of two banks that the government alleges were bought at a major discount by former Central Bank Governor Godwin Emefiele using proxies. “We have completed our investigation on this acquisition and we are on the verge of recovering these two banks for...

Record High Interest in Fed’s Bank Term Funding Facility

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Nigerian Central Bank Allows Crypto Trading, Lifts Previous Ban

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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...

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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 Friday also showed...

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

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