Global Banking Monitor

Thursday, May 16, 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...

Turkey Implements Another Interest Rate Hike Alongside New Tightening Measures

Turkey’s central bank delivered its seventh straight interest-rate hike as part of efforts to curb inflation that’s seen accelerating to 70% in the coming...

China’s Big Banks Adjust Deposit Rates, Indicating a Move Towards Policy Easing

China’s biggest state-owned banks are slashing deposit rates again, fueling expectations this will create more wiggle room for the central bank to cut lending...

Co-Op Bank of UK Engages in Exclusive Merger Talks with Coventry

British lender Co-Operative Bank said it’s in “exclusive discussions” with Coventry Building Society over a potential merger after receiving some non-binding proposals from prospective...

Brazil Central Bank Adjusts Downward 2024 Economic Growth Forecast

Brazil’s central bank trimmed its 2024 economic growth forecast as strong household consumption dwindles in the face of restrictive monetary policy. The bank expects gross...

Public Disclosure Policy Introduced by Fed’s Regional Banks

The Federal Reserve’s 12 regional banks adopted a limited policy for responding to public requests for information, following calls from lawmakers for greater transparency...

RBA Anticipated to Lag Behind Global Peers in Shifting Towards Interest Rate Cuts

Australia’s central bank was slow to respond to mounting inflation pressures post-pandemic and money market pricing suggests it will also trail global peers in...

Royal Bank of Canada Receives Approval for $10 Billion Purchase of HSBC Unit

Canada on Thursday approved Royal Bank of Canada's (RY.TO) C$13.5 billion dollars ($10.2 billion) acquisition of HSBC's (HSBA.L) domestic unit, in a deal that...

Czech Central Bank Initiates Rate-Easing Cycle with a 25 bps Cut

The Czech National Bank (CNB) started an interest rate-easing cycle on Thursday with a 25 basis-point reduction that puts the main repo rate at...

Egypt Central Bank Maintains Steady Interest Rates Amidst Dropped Growth

Egypt's central bank kept its overnight interest rates unchanged on Thursday as predicted, saying GDP growth had slowed to 2.9% in the second quarter...

Enhanced Security: RBI Guides Banks to Roll Out Card-on-File Token Facility for Customers

The RBI has issued a circular to all banks for introducing the Card-on-File (CoF) token facility at the level of banks and other institutions...

Citigroup Announces Closure of Global Distressed-Debt Unit as Part of CEO Jane Fraser’s Restructuring Plan

Citigroup is shuttering another Wall Street business as CEO Jane Fraser pushes ahead with her overhaul of the bank, CNBC has learned. The company decided...

Optimistic Outlook: Global Banks Foresee No Recession, While US Companies Exercise Caution

Heading into 2024, analysts say the U.S. recession they’d been forecasting for two years isn’t coming anymore. Everyone else, from companies to investors, is...

Impressive Surge: UPI Transactions Skyrocket by 118% in Semi-Urban and Rural Stores

Transactions on the Unified Payments Interface (UPI) platform rose 118% year-on-year at retail stores in semi-urban and rural areas in 2023, indicating a wider...

Warning Signs: US Banks at Risk of $160 Billion in Losses Amid Commercial Real Estate Downturn

The commercial real estate sector is at risk of seeing its biggest crash since 2008, and that could slam US banks with up to...

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...