Global Banking Monitor

Sunday, May 19, 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...

Tag: amid

European Banks Benefit from Profit Boost Amid Resilient Loan Books

Most European banks beat profit estimates for the second quarter, with surprisingly robust loan portfolios providing a major boost to their earnings. Societe Generale’s credit...

Insight: BOJ’s Decision to Make a Bold Shift Amid Escalating Yen Risks

The Bank of Japan's surprise decision last week to raise a cap on interest rates was partly driven by policymakers' growing worries ultra-loose monetary...

Fitch’s Downgrade of US Credit Rating Amid Fiscal Face-Offs Creates Impact

On Tuesday, Fitch Ratings said it was knocking down the country's long-term foreign-currency issuer default rating (IDR) to 'AA+' from the highest score available...

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...

Former Bank of Israel Head Warns of Investors Pulling Funds Amid Overhaul Turmoil

Jacob Frenkel, a former Bank of Israel chief and ex-chair of JP Morgan Chase International, warned overseas investors were looking to withdraw funds from...

Fed’s Tightening Cycle Endgame Faces Challenges Amid Easing Financial Conditions

Less tight financial conditions as exhibited by the red-hot stock market may increase the chances that the Federal Reserve hikes rates again before the...

Mauritius Takes Measures to Strengthen Reserves Amid Economic Uncertainty

Mauritius’s central bank plans to purchase foreign currency in the domestic market to boost its reserves and provide a stronger buffer against external shocks. The...

European Banks Highlight Bad Loan Risks Amid Faltering Global Economy

Europe's major banks, including Deutsche Bank and Lloyds Banking Group, on Wednesday pointed to the rising risk of bad loans as the global economy...

Fed Raises Interest Rates by 0.25 Point, Hints at Possible Further Hike Amid Easing Inflation

Despite a recent pullback in inflation, the Federal Reserve raised its key interest rate by a quarter point Wednesday and signaled another hike is...

Ghanaian Central Bank Urges Stricter Fiscal Measures amid Latest Interest Rate Hike

Ghana's central bank called on Monday for tighter fiscal policy to help bring down stubbornly high inflation as it hiked its main interest rate...

BOJ to Stay Committed to Easing Amid Market Concerns over YCC’s Duration

The Bank of Japan is widely expected to stick with its negative interest rate this week, leaving the focus on whether it will risk...

How China Is Backing Its Economy Amid Anticipation for Stimulus

China has announced several measures recently to boost the economy and made a number of pledges to improve the business environment as concerns about...

Morgan Stanley Raises $6.75 Billion in Debt Sale Amid Bond Rush

Morgan Stanley added to the recent wave of bank bond sales in the US investment-grade market on Wednesday, a sign that issuance is still...

Goldman Sachs Reports 58% Drop in Profits Amid Dealmaking Downturn

Goldman Sachs reported a sharp drop in profit on Wednesday as dealmaking and trading, a core part of the mega bank’s business, dry up....

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