Global Banking Monitor

Friday, May 3, 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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CEO of Bank of America Reverses Recession Call Citing Robust Jobs and Spending

Bank of America Corp. Chief Executive Officer Brian Moynihan said the firm reversed its prediction for a recession in coming months because of strength...

Turkish Central Bank Governor and Finance Minister to Attend JPMorgan Investor Meeting on Friday

Turkish Central Bank Governor Hafize Gaye Erkan and Finance Minister Mehmet Simsek will attend a meeting with investors being held by JP Morgan in...

Nigeria Grants Exemption to Small Lenders from Cash Withdrawal Limits and Penalties

Nigeria’s central bank exempted mortgage banks and certain microfinance lenders from cash withdrawal limits and penalties as it aims to boost credit for poorer...

Barclays and Deutsche Bank Struggle to Deliver Results

NatWest Group Plc got all the bad publicity last week after a political storm over its dealings with a provocative client led its chief...

Saudi Arabia’s Economy Slows Due to Oil Cuts and Price Decline

Saudi Arabia’s growth slumped in the second quarter as a drop in oil prices and the government’s decision to cut production push the country...

Understanding the Bank of England’s Plight and the Need for Empathy

The Bank of England finds itself in a tricky position leading up to this week’s policymaking committee meeting, alongside its counterpart, the Bank of...

Bank of Ireland Raises Forecasts and Targets Higher Dividend

Bank of Ireland lifted its full-year guidance on Monday and said it expects to increase returns to shareholders after rising interest rates, a growing...

Economist Sounds Alarm on US Bond Market, Foreseeing Unprecedented Mortgage Rates Since 2000 and Escalating Banking Turmoil

The US bond market is on the verge of a meltdown that will send government debt costs spiraling and wreck the loan portfolios of...

Central Bank of Myanmar Takes Steps to Stabilize Currency and Tackle Inflation

Myanmar aims to stabilize its currency to control price pressures, the central bank said, as the kyat weakens in the black market. “The Central Bank...

Emirates NBD Surpasses Expectations with Profit Surge Driven by Margins and Deposits

Emirates NBD PJSC’s net income for the second quarter beat estimates as higher margins, an improved deposit mix and loan recoveries raised revenue. Dubai’s biggest...

Fed’s Interest Rate Hike: Identifying the Biggest Winners and Losers

The Federal Reserve announced that it’s raising interest rates by 0.25 percentage point, following its July 25-26 meeting, boosting the federal funds rate to...

NatWest and Barclays Receive Highest Complaints for Bank Account Closures

NatWest and Barclays Receive Highest Complaints for Bank Account Closures NatWest Group Plc and Barclays Plc got the most complaints over decisions to close bank...

Banc of California and PacWest Announce Merger, to Raise $400 Million in Equity

Banc of California (BANC.N) and PacWest Bancorp (PACW.O) will merge in an all-stock deal to create a bank with $36 billion in assets, the...

Standard Chartered’s Global Reach: Bridging Continents and Linking Markets

In a world that grows increasingly interconnected, the UAE has emerged as a central hub for fostering global trade and investment. Standard Chartered UAE...

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