Global Banking Monitor

Sunday, September 24, 2023

ADIB: Best New Digital Feature 2023

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

Seamless Saudi Arabia 2023: Highlights and Key Insights

Saudi Arabia is in the midst of...
HomeBankingHigh-Risk Loans Make a...

High-Risk Loans Make a Comeback as Recession Risk Recedes

It’s hard to pass up a good rally in US leveraged finance markets, particularly if you’re a bank with a bunch of debt that’s been stuck on the balance sheet for months.

As the risk of a severe recession lessens while the supply of new debt has stayed relatively low, money managers are hunting for opportunities to put dollars to work. That’s pushed secondary leveraged loan prices near highs not seen in months as investors flush with cash seek out supply, leading borrowers to stream into both loan and junk bond markets with opportunistic deals in recent weeks.

Read More : High-Risk Loans Make a Comeback as Recession Risk Recedes

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

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.

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ADIB: Best New Digital Feature 2023

We'd like to congratulate the digital banking team at ADIB (Abu Dhabi Islamic Bank) for enhancing their international payments capability in both their mobile...

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UK House-Building Declines Again Amidst Impact of Rate Hikes: PMI

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Boosting the Private Economy: China’s Strategies and Initiatives

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Indonesia’s Q2 GDP Growth Likely to Moderate as Exports Weaken, Reuters Poll Shows

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World Gold Council Explores the Determinants of Gold’s Price Movement

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ADIB: Best New Digital Feature 2023

We'd like to congratulate the digital banking team at ADIB (Abu Dhabi Islamic Bank) for enhancing their international payments capability in both their mobile app and internet banking services. Their LinkedIn announcement a little while ago caught our attention: It highlighted that the team have added a new...

Recognizing the Technological Success of Sohar International Bank’s Merger with HSBC Oman

It gives us immense delight to announce that Sohar International has earned our Technology Excellence Award for its successful merger with HSBC Oman completed earlier this month.  The commitment, efficiency, and teamwork exhibited by every member involved in this merger is worthy of immense admiration and we are...

Seamless Saudi Arabia 2023: Highlights and Key Insights

Saudi Arabia is in the midst of a digital transformation, positioning itself as a prominent global investment hub. Seamless was Saudi Arabia's event dedicated to e-commerce, retail, fintech, digital marketing, logistics and payments. It was hosted at the Riyadh Front Exhibition Centre from 4 to 5 September...

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

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.

Scalapay’s $10,000 Scholarship Boosts Abbl’s Startup Journey

How Scalapay, the Australian FinTech unicorn, is nurturing startups with its $10,000 Scale Up Scholarship program

FinTech Boom in MENA: Top FinTech Investments of August 2023

The Middle East and North Africa (MENA) region are witnessing a surge in FinTech activity. Many believe this is fueled by the emergence of new startups and an expanding population of individuals new to banking. August 2023 has proven to be a particularly fruitful month, with significant investments...

Strengthening Fintech Ties: Israel and Bahrain Regulators Sign Cooperation

Context of the partnership In a noteworthy development focused on fostering innovation and offering essential regulatory support to the burgeoning fintech sector, the Israel Securities Authority and the Central Bank of Bahrain have formalized a partnership through a recently signed agreement as reported by Times of Israel. Bahrain's Foreign...

UK House-Building Declines Again Amidst Impact of Rate Hikes: PMI

Britain’s construction sector returned to growth in July but house-builders suffered another sharp contraction due to higher interest rates and fears about the outlook for the economy, a survey showed on Friday. The S&P Global/CIPS construction Purchasing Managers’ Index (PMI) recovered to 51.7, its highest level since February...

Boosting the Private Economy: China’s Strategies and Initiatives

High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. China unveiled 28 detailed measures to boost the private economy on Tuesday, including promoting fair market access, offering stronger financial support, boosting legal guarantees, optimizing services and creating a sound atmosphere for private companies. Read More...

Indonesia’s Q2 GDP Growth Likely to Moderate as Exports Weaken, Reuters Poll Shows

Indonesia’s economy likely grew 4.93% from a year earlier in the April-June quarter, the slowest since the third quarter of 2021, due to weakening global demand for its exports, according to the median forecast of 22 economists polled by Reuters. On quarter-on-quarter basis, the economy was expected to...

World Gold Council Explores the Determinants of Gold’s Price Movement

During periods of turmoil, gold tends to make headlines as fans of the precious metal argue it can act as a safe haven. But is it also an inflation hedge? Is it considered a risk asset? Joe Cavatoni, market strategist and head of Americas at the World Gold...

US Inflation Data to Offer Relief for the Fed

A closely watched measure of US inflation will probably illustrate more of the moderate price growth that the Federal Reserve wants to see sustained. The consumer price index is projected to rise 0.2% in July for a second month after excluding food and energy costs, marking the smallest...