Global Banking Monitor

Thursday, May 9, 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: announces

Nigeria Announces Takeover of Banks Acquired by Ousted Bank Governor

Nigeria said it will take possession of two banks that the government alleges were bought at a major discount by former Central Bank Governor...

Citigroup Announces Closure of Global Distressed-Debt Unit as Part of CEO Jane Fraser’s Restructuring Plan

Citigroup is shuttering another Wall Street business as CEO Jane Fraser pushes ahead with her overhaul of the bank, CNBC has learned. The company decided...

Citi Announces Plans to Separate Mexico Retail Bank from Corporate, Investment Unit by Late 2024

Citigroup (C.N) will split its Mexico retail unit, known as Banamex, from its corporate and investment banking business in the country by the second...

Commonwealth Bank’s Deputy CEO David Cohen Announces Departure

The Commonwealth Bank of Australia (OTC:CMWAY) (CBA) has announced the departure of Deputy CEO David Cohen, effective December 31, marking the end of a...

HSBC’s Income Doubles as Rising Rates Boost Performance; Announces $2 Billion Share Buyback

HSBC Holdings (HSBA.L) raised its key profitability target and announced a fresh $2 billion share buyback on Tuesday, as rising central bank interest rates...

Saudi Central Bank Announces 25 bps Increase in Repo Rate to 6%

The Saudi central bank, known as SAMA, increased key rates by 25 basis points on Wednesday, it said in a statement, following the Federal...

Standard Chartered Announces Sale of Sub-Saharan Africa Businesses to Access Bank

Standard Chartered (STAN.L) said on Friday it has reached an agreement to sell its subsidiaries in five sub-Saharan African countries to Nigeria's Access Bank,...

SVB Announces Sale of Investment Banking Division

SVB Financial Group said on Sunday it has entered into an agreement to sell its investment banking division, SVB Securities, to a group led...

Fed Announces June 28 Release Date for Banks’ Stress Test Results

The US Federal Reserve will unveil on June 28 the results of its annual stress tests, which examine banks’ ability to withstand crises. The yearly...

HSBC Announces Closure of Wealth and Personal Banking Business in New Zealand

HSBC has decided to wind down its wealth and personal banking business in New Zealand, the bank said on Tuesday, as it exits from...

Malaysia Announces Abdul Rasheed as New Central Bank Governor

Malaysia named Shaik Abdul Rasheed Abdul Ghaffour as its new central bank governor, tasked with fostering stability and confidence in an economy under pressure...

First Republic to Lose a Quarter of Branches as JPMorgan Announces Closures

JPMorgan Chase is pulling the plug on 21 branches acquired during its takeover of failed regional bank First Republic. In a statement on Thursday, JPMorgan...

Charles Schwab Announces $2.5 Billion Bond Sale to Raise Funds

Charles Schwab (SCHW) said Wednesday it will raise $2.5 billion via bond sales to fund general corporate expenses, including "investments in our subsidiaries and...

OPEC+ announces surprise oil production cut that could lead to higher prices at pump

A group of OPEC+ member countries on Sunday announced voluntary oil production cuts that will run from May through the end of this year. The...

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