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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European Central Bank Raises Interest Rates to Highest Level in 22 Years

By Pete Sadler
Image by Albrecht Fietz from Pixabay

The European Central Bank raised interest rates by a quarter of a percentage point Thursday and signaled another hike to come next month, unmoved by evidence of a mild recession in the 20 countries that use the euro.

The ECB has now hiked rates at eight consecutive meetings since July in a fight against inflation. The latest move takes the benchmark rate in the euro area to 3.5%, the highest since May 2001.

Read More : European Central Bank Raises Interest Rates to Highest Level in 22 Years

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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...

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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

Banks borrowed a record amount from the Federal Reserve’s newest backstop facility in the most recent week as increasing wagers on interest-rate cuts made it a more attractive choice. Data from the Fed showed an all-time high $131 billion in borrowing from the Bank Term Funding Program, or...

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...

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

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Decelerating US Inflation Provides Boost to Economy

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

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