Global Banking Monitor

Friday, April 26, 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: amidst

Mexico Confronts Unfavorable Inflation Developments Amidst Holiday Spending Spike

Mexico’s consumer prices rose more than expected in early December as increased holiday season-related spending keeps pressure on the central bank. Consumer prices rose 4.46%...

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...

Global Non-Bank Sector Experiences Significant Retreat Amidst Higher Rates

Multi-trillion dollar non-banking finance saw its first major retreat last year since the global financial crisis in 2009, with the shrinkage due to higher...

Credit Suisse’s Downfall Unfolds Amidst Plans for Nationalization Through a $57.6 Billion Injection

About six months before Credit Suisse was sold to rival UBS in a weekend rescue, the head of the Swiss central bank wanted to...

RBI Urges Banks to Strengthen Cyber Security Amidst Surging Fraud Cases

The RBI on Thursday said that the banks should focus on fortifying cyber security and prevention of cyber frauds to safeguard their customers from...

US Bond Traders Increase Recession Bets Amidst Economic Stumbles

Treasury investors are turning increasingly skeptical the Federal Reserve will deliver a soft landing for the US economy next year, elevating concern of a...

UK House-Building Declines Again Amidst Impact of Rate Hikes: PMI

Britain’s construction sector returned to growth in July but house-builders suffered another sharp contraction due to higher interest rates and fears about the outlook...

Turkey’s New Central Bank Governor Faces Public Debut Amidst Misgivings

Turkey’s newly-installed central bank Governor Hafize Gaye Erkan will step into the spotlight for the first time on Thursday when she unveils fresh inflation...

Bank of Canada Predicted to Maintain 5% Interest Rate Amidst Resilient Economy

Economists now see a soft landing for the Canadian economy, with no recession this year despite interest rates at a 22-year high. The economy will...

UK Banks to Be Summoned by Treasury Amidst Farage Controversy, FT Reveals

The UK’s Treasury will ask the leaders of 19 banks and fintechs, including NatWest Group Plc, Lloyds, HSBC Holdings Plc and Barclays, to explain...

First Abu Dhabi Bank’s Quarterly Profit Skyrockets Amidst Higher Interest Rates

First Abu Dhabi Bank PJSC reported a surge in earnings as it benefited from higher rates and improved margins. The United Arab Emirates’ largest lender...

New Zealand Inflation Expected to Slow Significantly Amidst Rate Hikes Impact

New Zealand inflation probably slowed markedly in the second quarter as the central bank’s aggressive interest-rate increases began to take their toll. Consumer prices rose...

Australia Treasurer Expects Unemployment Uptick Amidst Easing Inflation

Australian Treasurer Jim Chalmers said he expects a substantial economic slowdown and for unemployment to pick up as inflation eases. “As the Reserve Bank forecasts...

Goldman Sachs Under Scrutiny Amidst Claims of Bullying Culture Impacting Staff Wellbeing

Goldman Sachs’ former recruitment chief has accused it of creating a “culture of bullying” that caused staff to “sob” through meetings and led to...

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