Global Banking Monitor

Tuesday, May 7, 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

Peru Maintains Key Rate at Two-Decade High Amidst Decreasing Inflation

Peru held interest rates at a 22-year high on Thursday as policymakers wait for more evidence that inflation is slowing decisively toward its target. The...

Russia’s Central Bank Raises Alarm Over Economy Amidst Falling Ruble and Unprecedented Labor Shortage, Heightening Inflationary Pressures

Russia's central bank sounded alarms on the economy Friday as the falling ruble and a record labor shortage add inflationary pressures. Policymakers kept the benchmark...

Swiss Franc Poised to Shine Amidst Global Rate Cut Prospects in Slowdown Scenario

Switzerland’s currency is poised to attract a fresh set of buyers as major central banks elsewhere shift their focus toward stimulating growth and away...

Indian Economy Faces Slowdown Amidst Continued Spending by Wealthy Individuals

India’s booming economy is the envy of other major markets. But beyond the hype and expectation, people who watch the country closely are flagging...

Goldman Sachs Signals 25% Decrease in Trading Revenue Amidst Looming Job Cuts

Goldman Sachs Group Inc. is warning investors of a sharp slowdown in its investment bank from the bumper gains a year ago, as the...

Inflation Hits Record Low in Europe Amidst Russia’s Ukraine Invasion

Inflation in Europe has fallen to its slowest pace since Russia invaded Ukraine, bolstering the case for the region’s central bank to bring interest...

UK banks withdraw mortgage deals from the market amidst another round of rate hikes

UK lenders are removing mortgage deals from the market again and increasing the rates they charge borrowers for fixed-rate products. The number of home loan...

Investors foresee increased interest rates amidst growing inflationary pressures

Stronger than expected US inflation and a bump in consumer spending have fuelled worldwide expectations that interest rates will go higher, as predictions about...

Doubts Arise Over Fed’s Decision to Pause Rate Hikes Amidst Strong US Data

Federal Reserve policymakers got a dose of unexpectedly strong U.S. economic data on Friday that bolstered the case for further monetary policy tightening to...

Citi Withdraws $7 Billion Banamex Sale Amidst Growing Scrutiny by AMLO

Citigroup Inc. plans to sell shares of its Banamex unit in an initial public offering, ending talks for a potential $7 billion divestiture to...

Indian Banking System Demonstrates Resilience Amidst Global Banking Crisis

In March 2023, soon after the collapse of US-based tech industry-oriented Silicon Valley Bank (SVB), Signature Bank, a leader in crypto currency deposits, met...

S&P 500 and Treasury Yields Drop as Recession Worries Intensify Amidst Soft Data

U.S. stocks lost ground on Wednesday and Treasury yields extended their decline as a batch of data fueled worries that restrictive central bank policies...

Wall Street Bonus Payouts Drop by 26% Amidst Inflation and Higher Interest Rates

Wall Street bonuses fell 26% in 2022 amid rising interest rates and fears of a recession.According to a report released Thursday from New York...

Banks raising savings rates to keep customers amidst SVB crisis

The Silicon Valley Bank crisis has hammered stocks and almost certainly will curtail lending and economic growth this year. But it appears to be...

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