Global Banking Monitor

Sunday, April 28, 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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Swiss Franc Hits Highest Level Against Dollar Since 2015

The Swiss franc jumped to its highest level against the dollar since 2015, when Switzerland’s central bank abandoned its policy to contain currency strength. The...

Bank of England Governor Warns Against Underestimating Inflation Impact

UK inflation might not fall as quickly as some are hoping, the governor of the Bank of England has warned. Andrew Bailey told MPs that...

BOE Governor Advises Markets Against Quick Expectations of Inflation Reduction

Andrew Bailey has warned markets against underestimating the persistence of UK inflation and stressed he expected the Bank of England would keep interest rates...

Sanctioned Iraqi Banks Prepared for Audit, Caution Against Dinar Slide

Fourteen Iraqi private banks sanctioned by the United States over allegedly helping siphon U.S. dollars to Iran said on Wednesday they were ready to...

IMF’s Preventive Measures Against Argentina’s 116% Inflation Getting Worse

The International Monetary Fund is working with Argentina to help stop its 116% inflation rate getting significantly worse, the Fund’s top economist said. “Inflation numbers...

Federal Banking Regulator Cautions Against A.I. Risks, Including Potential Discrimination in Lending

The Federal Reserve’s top banking regulator expressed caution Tuesday about the impact that artificial intelligence can have on efforts to make sure underserved communities...

Nigerian Currency Hits Record Low Against Dollar, Central Bank Revokes Licenses of 2,700 Currency Exchanges

The exchange rate of the Nigerian currency versus the greenback recently plunged to an all-time low of NGN860:USD1. The naira’s depreciation has been attributed...

Yellen Warns Against US-China Trade Decoupling, Calling It a Significant Mistake

Treasury Secretary Janet Yellen said it is in the United States’ best interest to maintain ties with China, though she said documented allegations of...

Ex-Central Banker Argues Against Central Banks’ Dominant Role in CBDC Implementation

As central bankers all over the world consider issuing their own digital currency, coined CBDCs, a former member of the fold has argued that...

US Regulator Warns Against Storing Cash in Venmo and PayPal

Payment apps like PayPal and Venmo might be convenient, but they’re not banks — and a federal financial services watchdog is worried that too...

How Canadian Banks’ Vigilance Against Bad Loans Affects Your Financial Security

Nestled in the balance sheets of Canada’s biggest banks are fears that the economy is set for a rough patch that could see more...

Bank of Korea Keeps Interest Rates Unchanged, Signaling Continued Battle against Inflation

The Bank of Korea left interest rates unchanged for a third straight meeting while reinforcing its message that persistent inflation means an additional hike...

Fed’s Bowman Warns Against Drastic Overhaul of Bank Oversigh

Federal Reserve Governor Michelle Bowman repeated her call for a third-party probe into the failure of Silicon Valley Bank and pushed back against calls...

China’s Currency Surges as Central Bank Takes Action Against Speculation

China’s yuan jumped on Friday after the country’s central bank moved to shore up the currency following a recent selloff, vowing to curb speculation...

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