Global Banking Monitor

Monday, May 6, 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: consumer

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...

China Unveils Measures to Strengthen Growth of Consumer Businesses

China issued more measures to bolster economic growth, including a plan to boost consumer industries and steps to grow an exchange dedicated to helping...

British Consumer Confidence Dips After Six Months of Growth

UK consumer confidence fell for the first time in six months, interrupting a rapid rebound in sentiment as the reality of soaring prices emerged...

China’s Economic Recovery Hindered by Cautious Consumer Confidence, ADB Notes

China’s cautious consumer confidence has been a “a dampener” for its fragile recovery, according to Albert Park, chief economist at the Asian Development Bank. On...

Consumer Group Warns Banks About Wrongly Closing Accounts or Silently Marking Them for Fraud

Data, obtained by Which?, shows the Financial Ombudsman Service (FOS) received more than 1,380 complaints about current account closures in the year 2022-23. A quarter...

Barclays Said to be Considering Selling Its German Consumer Finance Business

Barclays Plc is preparing the sale of its consumer-finance business in Germany and has held preliminary talks with potential buyers, according to people familiar...

ECB Highlights Sharp Decrease in Consumer Inflation Expectations

Consumer expectations for euro-zone inflation eased significantly in April, adding to the case for the European Central Bank’s historic ramp-up in interest rates to...

Bank of America CEO Highlights US Consumer as the Federal Reserve’s Primary Challenge

Bank of America CEO Brian Moynihan said although he is relieved lawmakers reached a resolution for the debt ceiling, it is “not good for...

Consumer Debt Hits All-Time High of $17 Trillion, Despite Decrease in Mortgage Demand

Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid a sharp pullback in...

Australian Consumer Confidence Plummets to Lowest Point Since April 2020, Reports Indicate

A new report released on Tuesday confirmed that the Australian consumer confidence index decreased by 1.8 points to 75.9 over the week ending on...

Consumer watchdog urges families to take note of debt ceiling concerns

Leaders in Washington are running out of time to avoid an unprecedented default on US debt. The top consumer watchdog in the federal government...

Fed faces challenge as US consumer prices are projected to stay firm

US inflation was largely unwavering in March, with economists projecting a monthly increase in consumer prices on par with advances seen over the previous...

US consumer confidence on the rise as house price inflation eases

U.S. consumer confidence unexpectedly increased in March despite recent financial market turmoil sparked the collapse of two regional banks, but Americans continued to expect...

American Consumer Tested by Ongoing Banking Turmoil

American consumers are facing another test, from banking-sector turmoil and tighter financial conditions, as households already grappling with elevated inflation and rising interest rates...

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