Global Banking Monitor

Friday, June 14, 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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Debanking Unraveled: A Recap of Events and Current Standing of Banks

UK banking rules are in the midst of a shake-up after a turbulent year which saw former Ukip leader Nigel Farage spark a crisis...

Global Economic Slowdown Expected in 2024 Due to High Rates, War, and Inflation

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and...

Impressive Surge: UPI Transactions Skyrocket by 118% in Semi-Urban and Rural Stores

Transactions on the Unified Payments Interface (UPI) platform rose 118% year-on-year at retail stores in semi-urban and rural areas in 2023, indicating a wider...

Recession Confirmed: Bank of Finland and Finance Ministry Align on Economic Downturn

The Bank of Finland and the Ministry of Finance have confirmed that the nation is currently in a recession. Both authorities have defined the decline...

Binance Witnesses Over $1 Billion Withdrawn by Users After CEO’s Departure and Guilty Plea

Outflows from Binance have amounted to more than $1 billion in the past 24 hours, not including bitcoin, according to data from blockchain analysis...

Citi Appoints Gutiérrez-Orrantia as Europe Banking and Cluster Head Amid Restructuring

Nacho Gutiérrez-Orrantia, one of Citi's (C.N) most senior bankers in Europe, will become banking and cluster head for Europe as part of its planned...

China and Saudi Arabia Seal $7 Billion Currency Swap Agreement

China and Saudi Arabia signed a local-currency swap agreement worth around $7 billion, deepening their ties as countries across the Middle East and emerging...

Seamless Saudi Arabia 2023: Highlights and Key Insights

Saudi Arabia is in the midst of a digital transformation, positioning itself as a prominent global investment hub. Seamless was Saudi Arabia's event dedicated...

Strengthening Fintech Ties: Israel and Bahrain Regulators Sign Cooperation

Context of the partnership In a noteworthy development focused on fostering innovation and offering essential regulatory support to the burgeoning fintech sector, the Israel Securities...

Boosting the Private Economy: China’s Strategies and Initiatives

High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. China unveiled 28 detailed measures to boost the private economy on Tuesday,...

Jim Chalmers: Employment Rate and Wages Outcomes ‘Decoupled

Australians need not be frightened by the thought that only higher unemployment alone will ease inflation, Treasurer Jim Chalmers says. Earlier this year, incoming RBA...

Inflation in Pakistan Soars to 29.8% Due to Surge in Food and Energy Prices

A series of sharp rises in energy and food prices in Pakistan, pushed its weekly inflation up by 1.30 per cent and annualised inflation...

Fed Data Shows Rise in Bank Deposits and Lending in the Latest Week

Bank deposits, and lending rose in week ended July 26, the latest data from the Fed showed. Deposits at large U.S. banks rose by $3.3...

BOE Hikes Rates to 5.25% and Signals Persistent Tightening of Policy

The Bank of England raised interest rates to a new 15-year high, warning that its fight against inflation may require tighter borrowing conditions for...

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