Global Banking Monitor

Wednesday, May 8, 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: banks

Korean Banks Take Action: $1.5 Billion Pledged Amid Profit-Sharing Pressure

Commercial banks in South Korea will provide at least a combined 2 trillion won ($1.5 billion) to support self-employed and mom-and-pop business owners as...

European Banks Set to Distribute €70 Billion to Investors, According to Enria

European banks plan to pay out about €70 billion ($77 billion) after a lucrative year, according to their top regulator. “Banks have been particularly profitable,...

Lending Rates Unchanged as Chinese Banks Brace for Possible PBOC Easing in 2024

Chinese banks held their benchmark lending rates after a similar move by the central bank, bolstering expectations that further monetary easing will take place...

Indian Shadow Lenders Experience Sharp Decline Following Central Bank’s Tightened Norms

Indian Shadow lenders declined after the nation’s central bank tightened norms for investments by banks and other regulated entities into alternative investment funds to...

Chinese Banks Brace for Potential Erosion of Capital Buffers Due to Lingering Weak Market Sentiment

Chinese banks are likely to see further erosion in their capital cushions above regulatory minimum requirements after the quarter ended Sept. 30, as market...

Central Banks Maintain Steady Rates Amid Market Speculation of Swift Cuts

Markets think it’s all over. After a lengthy and historic monetary tightening campaign to battle high inflation, major central banks are keeping high interest...

GCC Central Banks Align with Fed, Maintain Unchanged Interest Rates

Central banks in the Gulf Cooperation Council region have kept their interest rates unchanged, following the decision by the US Federal Reserve to maintain...

Chinese Banks Increase Bad Loan Sales in Response to Escalating Consumer Defaults

Chinese banks are putting bad loans up for sale at a record pace, as regulators push for faster disposal of sour debts amid rising...

AI Introduces Banks to Novel Paths of Recurring Historical Errors

The extraordinary hype around artificial intelligence this year touched the finance industry, too, but most banks have been rightly cautious about jumping directly onto...

Quarterly Profit of Top 10 UAE Banks Up by 5.6% Due to Reduced Impairment Charges

The aggregate net profit of the UAE's 10 largest banks increased by 5.6 per cent on a quarterly basis in the third quarter, boosted...

ECB Warns of Margin Call Risks for Euro Zone’s Shadow Banks

Euro zone shadow banks face the risk of receiving large margin calls or client redemptions they cannot meet because they do not have enough...

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...

Europe’s 20 Largest Banks Receive Criticism Over ESG Targets in New Report

The green finance targets of European banks are falling well short of what is needed, according to a fresh study by ShareAction. An analysis by...

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...

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