Global Banking Monitor

Monday, May 6, 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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Unlawful ‘De-Banking’ to Be Probed as Certain Communities Raise Concerns About Disproportionate Effects

The Financial Conduct Authority (FCA) has promised to investigate unlawful bank closures after the chancellor warned the practice could be "widespread". Jeremy Hunt told the...

Why Banks Are Nervous About Bigger ‘Capital Cushions

US regulators want to require banks to add billions of dollars to their capital cushions in the aftermath of the collapse of several lenders...

Fitch Downgrade Raises Investor Concerns About US Fiscal Picture

Fitch’s downgrade of the U.S. credit rating is likely to exacerbate unease about the country’s debt position, political polarization and the global standing of...

Minneapolis Fed Chief Kashkari Optimistic About US Economy Avoiding Recession Amid Continuing Inflation Fight

The odds of the U.S. avoiding a deep recession and achieving a "soft landing" are rising as the Federal Reserve tries to bring down...

Bank of America CEO Raises Concerns about Impact of Higher Capital Requirements

Bank of America CEO Brian Moynihan said U.S. authorities need to be careful when implementing new capital requirements of the Basel III accord to...

U.S. Banks Concerned About Interest Income Weakness Despite Upbeat Quarter

Comerica and Huntington Bancshares on Friday sharply cut their interest income growth forecasts for 2023, the latest U.S. banks to sound the alarm over...

Americans Feel Better About the Economy, But Experts Advocate Caution

American consumers haven't felt this good about the economy since September 2021. Stocks are higher, with some strategists even suggesting a record-setting year for the...

Consumer Group Warns Banks About Wrongly Closing Accounts or Silently Marking Them for Fraud

Data, obtained by Which?, shows the Financial Ombudsman Service (FOS) received more than 1,380 complaints about current account closures in the year 2022-23. A quarter...

HSBC CEO Talks About Innovation, Emerging Technologies, and the Bank’s Perspective on Crypto

HSBC is Europe’s largest bank, with assets under management of nearly $3 trillion, and it recently rescued Silicon Valley Bank's U.K. subsidiary. Meanwhile, it...

Small Businesses Express Worries About Inflation and Economic Outlook

A greater number of small businesses are worried about inflation and future business conditions, according to a survey released Tuesday by the National Federation...

Australian Central Bank Cautions About Inflation Risks, Predicts Challenges for Households

The head of Australia’s central bank on Wednesday pledged to do whatever is necessary to bring inflation back to target, warning that risks to...

European Central Bank (ECB) cautions about potential impact on major European banks if funds face difficulties

The euro zone's top banks may take a hit if their financial clients, such as funds, insurers and clearing houses, withdrew their deposits or...

Wall Street Concerned About Potential $1 Trillion Aftershock Resulting from Debt Deal

Looming behind market fears over the prospect of a historic US default is the less-discussed risk of what would follow a deal to resolve...

Over 70% of Investors Optimistic About Debt Ceiling Standoff Resolution Before ‘X-date’

The debt ceiling debate isn’t worrying Wall Street yet. In Bank of America’s latest fund manager survey, 71% of investors said they expect a...

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