Global Banking Monitor

Monday, April 29, 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...

Banking

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...

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...

Nigeria Announces Takeover of Banks Acquired by Ousted Bank Governor

Nigeria said it will take possession of two banks that the government alleges were...

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...

Nigerian Central Bank Allows Crypto Trading, Lifts Previous Ban

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

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,...

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...

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...

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...

World’s Central Banks Approach 2024 with Cautious Steps—Here’s Why

Some of the world’s major central banks – including the US Federal Reserve, the European Central Bank and the Bank of England – are...

Japan Banks Rush to Strengthen Asset Management Business Amid Government Reform Push

The Japanese government's reform push for the country's $5 trillion asset management industry has sparked a series of action plans from top Japanese banking...

Japan’s Core Inflation Slows, Providing Breathing Room for BOJ in November

Japan's core inflation slowed sharply in November to a pace unseen in over a year, data showed on Friday, highlighting easing cost-push pressures that...

Mongolia Initiates Historic Move: Opens Door to Foreign Banks for Financial Sector Expansion

Mongolia is opening its door to foreign banks for the first time to support its developing banking sector, the country’s finance minister said. The move...

Deutsche Bank’s Postbank Under Pressure as Employees Seek 15.5% Pay Hike

Deutsche Bank AG is facing a demand for a 15.5% pay increase at its Postbank retail business, adding to cost pressures for Chief Executive...

Revolut Issues Delayed Accounts in Effort to Advance Towards UK Bank License

British online bank Revolut Ltd. published its delayed accounts for 2022 on Friday, removing a hurdle in its bid for a UK banking license...

Featured Post

Apple Pay processes $6 trillion in 2022

For those executives who haven't been watching the continued growth of Apple Pay, the...

Latest Award

Sohar International: Best Ecosystem Banking App Award 2023

We have been closely following the recent launch of Sohar International Bank's latest mobile...

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...