Global Banking Monitor

Friday, April 26, 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: cash

Nigeria Faces Cash Crunch Again on Anniversary of Failed Demonetization Campaign

Nigerians are hoarding cash again amid memories of a failed official campaign around this time last year to demonetize high-value naira notes. Many ATMs have...

China Likely to Lower Banks’ Reserve Ratio in August to Boost Cash Supply

China’s central bank may cut the reserve-requirement ratio for major banks as soon as this month in an effort to boost lending and revive...

Cuba Prohibits Company Access to ATMs, Restricts Cash Transactions

The Cuban Central Bank issued rules this week banning state and private businesses from using ATMs and limiting cash transactions between them, as it...

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...

US Regulators Set to Reveal Plan for Banks to Establish Cash Reserves

U.S. regulators are set to propose a rule that could significantly raise capital requirements for larger banks, forcing them to cut costs and retain...

Nigeria Slashes Merchant Banks’ Cash Reserve by 70% to Foster Loan Growth

Nigeria’s central bank slashed the mandatory cash reserve requirement for merchant banks by 70% to increase their liquidity and ability to extend loans to...

US Regulator Warns Against Storing Cash in Venmo and PayPal

Payment apps like PayPal and Venmo might be convenient, but they’re not banks — and a federal financial services watchdog is worried that too...

RBI Likely to Acquire $18 Billion Bonds for Cash Injection, According to ICICI’s Analysis

India’s central bank may buy as much as 1.5 trillion rupees ($18 billion) of government bonds to replenish banking liquidity that’s expected to tighten...

Stubborn Cash Crunch Threatens India’s Economic Revival

A cash crunch is persisting in India, pushing short-term borrowing costs above a key policy interest rate and posing risks to an economy that...

Lebanon’s Economic Recovery Hindered by Expanding Dollarized Cash Economy, Says World Bank

Crisis-hit Lebanon's economic recovery is hampered by a growing dollarised cash economy, which is predicted to be $9.9 billion in 2022, or almost half...

Hong Kong banks ramp up cash handouts in fierce mortgage competition

Fierce competition for new mortgage customers is driving banks in Hong Kong to offer the highest cash rebates in nearly two decades. The deals —...

Schwab Has Its Worst Month since 1987 Due to Cash Management Woes

Charles Schwab Corp.’s worst month in more than 35 years has sparked a debate among analysts as to whether the brokerage giant has been...

Nigeria resolves three-month cash crunch by issuing banknotes

Nigeria’s central bank beefed up the supply of banknotes to lenders to end shortages that have hampered individual and business transactions and crippled the...

Banks relying on the Fed for $164bn of emergency cash

Banks reduced their borrowings only slightly from two Federal Reserve backstop facilities in the most recent week, a sign that institutions are taking advantage...

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