Global Banking Monitor

Sunday, May 28, 2023

SVB’s primary debtor in Canada revealed as Romanow’s tech finance firm

The bankruptcy liquidator in charge of Silicon...

German growth outlook deteriorates, impacting the global economy

Germany suffered its first recession since the...

Banking

SVB’s primary debtor in Canada revealed as Romanow’s tech finance firm

The bankruptcy liquidator in charge of Silicon Valley Bank’s Canadian unit is set to receive offers for its loan book on Monday, and the biggest asset is a loan...

ECB reaches a significant stage of rate tightening, says Makhlouf

The European Central Bank is in the final stretch of its historic cycle of...

Former BOE hawks predict UK interest rates to reach the “pain level” of 6%

Hawkish former Bank of England rate-setters warned that interest rates will need to soar...

The West Coast emerges as a prominent epicenter of bank turmoil in 2023

One half of the country is experiencing the banking turmoil of 2023 quite differently...

IMF urges Fed to raise rates more, stating “The job is not quite yet done”

The International Monetary Fund said Friday in a new report that the US can...

SVB’s primary debtor in Canada revealed as Romanow’s tech finance firm

The bankruptcy liquidator in charge of Silicon Valley Bank’s Canadian unit is set to receive offers for its loan book on Monday, and the...

ECB reaches a significant stage of rate tightening, says Makhlouf

The European Central Bank is in the final stretch of its historic cycle of interest-rate increases, according to Governing Council member Gabriel Makhlouf. “Given our...

Former BOE hawks predict UK interest rates to reach the “pain level” of 6%

Hawkish former Bank of England rate-setters warned that interest rates will need to soar as high as 6% to stamp out inflation, a level...

The West Coast emerges as a prominent epicenter of bank turmoil in 2023

One half of the country is experiencing the banking turmoil of 2023 quite differently than the other half. Three of the four banks that collapsed...

IMF urges Fed to raise rates more, stating “The job is not quite yet done”

The International Monetary Fund said Friday in a new report that the US can avoid a recession this year, and that the Federal Reserve...

Investors foresee increased interest rates amidst growing inflationary pressures

Stronger than expected US inflation and a bump in consumer spending have fuelled worldwide expectations that interest rates will go higher, as predictions about...

India central bank likely to reduce rates by end of financial year, predicts Kotak Bank treasury chief

The Reserve Bank of India (RBI) may cut interest rates only towards the end of the financial year despite a moderating inflation, Kotak Mahindra...

Inflation heats up in April, prompting Fed to face critical questions

Inflation ran hotter than expected in April, coming in above expectations, according to a measure followed closely by the Federal Reserve, the Bureau of...

Climate change projected to fuel inflation in the next decade, warns ECB

Climate change will increase global inflation by as much as one percentage point every year as food costs climb, according to new research from...

Credit Suisse Directed to Pay $926 Million in Georgia Prime Minister Case

Credit Suisse CSGN.Shas been ordered to pay $926 million compensation after a Singapore court said the bank had breached its duty to safeguard the...

Reuters Poll: Kenya’s Central Bank to Keep Rates Unchanged at 9.50% on May 29

Kenya's central bank will hold interest rates at 9.50% on Monday as authorities have probably done enough to slow consumer price rises, a Reuters...

Bank of Japan Expected to Maintain Yield Curve Control until 2024, According to Reuters Survey

The Bank of Japan (BOJ) will likely maintain its yield curve control (YCC) policy until at least next year, three quarters of economists polled...

Tokyo Inflation Decelerates, Aligning with BOJ’s Current Price Outlook

Inflation in Tokyo slowed in May, an outcome that offers support for the Bank of Japan’s view that price gains will slow toward the...

Fed Interventions Gain Spotlight as US Faces Impending Debt Deadline and Default Risk

Evidence that Federal Reserve policymakers recently discussed potential interventions in markets after any default by the US Treasury is reviving analysis of the central...

Featured Post

Apple extends their FinTech ecosystem with 4.15% APR Savings account

Apple's FinTech domination plans are continuing! It's incredibly exciting to watch how they are...

Latest Award

National Bank of Kuwait: Best App Update, 2023

29th March 2023, Dubai: We've been closely following the mobile banking launches in Kuwait...

Recent Event Listing

Dubai Fintech Summit 2023

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