Global Banking Monitor

Saturday, May 4, 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: canada’s

Modest Growth Signals a Soft Landing for Canada’s Economy

The Canadian economy is on track to avoid back-to-back quarterly contractions, with early data pointing to a slight rebound toward the end of the...

Canada’s Major Bank Works on Resolving a $10 Billion Challenge

Royal Bank of Canada wanted to return to the US personal and commercial banking business, and City National Bank seemed to have it all:...

Canada’s Slowing Inflation Sparks Potential for Rate Cuts

Consumer prices in Canada rose at the slowest pace since June, a reassuring sign for central bank policymakers that rates are now high enough...

Canada’s Economic Outlook Darkens as US Growth Wavers

Canada's economy is flirting with recession and the downturn could worsen now that a period of rapid growth in the United States is expected...

Canada’s Bank Regulator Urges Lenders to Address Risks of Mortgage Extensions

Canada's financial regulator is urging lenders to tackle risks from mortgage extensions at the "earliest opportunity" as many borrowers try to navigate higher mortgage...

Canada’s May Unemployment Rate Increases, Breaking a Nine-Month Decline

Canada unexpectedly shed jobs in May and the unemployment rate rose for the first time in nine months, data showed on Friday, a first...

Bank of Canada’s Beaudry Identifies Indications of a New Era with Elevated Interest Rates

A senior Bank of Canada official cautioned it is likely that longer-term real interest rates will remain elevated relative to prepandemic levels and will...

Canada’s Unexpected Rate Hike Highlights Global Struggle in Defining Rate Endpoints

The Bank of Canada’s decision to resume raising interest rates shook global bond markets and underscored the difficult task faced by central banks as...

Canada’s Economy Demonstrates Unexpected Immunity to Rising Interest Rates

Canada’s economy hasn’t buckled under the weight of higher borrowing costs. On the contrary: strong growth has more economists predicting the central bank will...

National Bank of Canada’s Profit Declines Due to Rising Provisions

National Bank of Canada reported a fall in second-quarter profit on Wednesday as a shaky economy and a meltdown in the U.S. banking sector...

Significant Surge: Canada’s Big Banks Experience 13-Fold Increase in Loan Loss Provisions

Canada’s big five banks this week collectively set aside the most money for loan losses since 2020, as concerns about an economic slowdown and...

Bank of Canada Governor Tiff Macklem Urges Vigilance, Identifies Household Debt as Critical Risk in Canada’s Financial System

The Bank of Canada highlighted early signs of financial stress among Canadian households as one of the key risks in the financial system. The...

Canada’s Inflation Surprise Sparks Concerns of Rate Hike, Say Economists

April inflation took economists by surprise, accelerating 4.4 per cent from a year ago, instead of the forecasted 4.1 per cent. It’s the first time...

Canada’s Dividend Tax Change Aims to Collect Billions from Banks

Finance Minister Chrystia Freeland is planning to raise billions of dollars from banks and insurance companies by changing the tax rules for dividends they...

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