Global Banking Monitor

Sunday, May 5, 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...

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ICBC, World’s Largest Bank, Continues to Encounter Trader Caution Post Cyberattack

Industrial & Commercial Bank of China Ltd., the world’s largest lender by assets, has been unable to convince some market participants that it’s safe...

SNB’s Efforts to Control Inflation Continues, Says Central Bank Chief

There’s more work to be done to tame inflation in Switzerland, according to the country’s central bank chief. “The fight against inflation is not over...

SNB’s Efforts to Control Inflation Continues, Says Central Bank Chief

There’s more work to be done to tame inflation in Switzerland, according to the country’s central bank chief. “The fight against inflation is not over...

Colombia’s central bank may consider ending rate hikes if inflation continues to decelerate, according to board chief

Colombia's central bank could call time on its upward monetary cycle after inflation in Latin America's fourth-largest economy slowed in May, bank board chief...

Bank of Israel issues warning of possible rate increases if the shekel continues to slide

Israel’s central bank may need to tighten monetary policy should the shekel weaken further, Governor Amir Yaron said on Tuesday, one week after raising...

Vietnam’s Inflation Continues Downward Trend in May, Driven by Reduced Fuel Costs

Vietnam's consumer prices recorded a downward trend in May as fuel costs continued to drop in line with the international market, according to the...

Lebanese Economy Continues to Decline, No Signs of Stabilization, Warns World Bank

The Lebanese economy is in a steep decline and is a long way from any path towards stabilisation, according to the World Bank. The collapse...

Fed Continues to Face Challenges from US Economy

The Federal Reserve has raised interest rates aggressively over the last year in a bid to slow inflation and the labor market. Its efforts are...

JPMorgan says more banks could run out of reserves like SVB if pace of this deposit flight continues

U.S. banks are using reserves to cover for the cash that depositors are withdrawing, setting up a potentially calamitous situation down the road, JPMorgan...

Recession Fears Re-emerge as Banking Turmoil Continues

The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse's rescue, and the ensuing turmoil in world markets...

U.K. Inflation Defies Expectations and Continues to Climb

Price increases in February picked up to 10.4% from 10.1% in January as the cost of food rose at the fastest pace since records...

Russian Business Continues to be Avoided by Major Oil Traders

The world’s biggest oil traders said they’re wary of trying to muscle back into Russian exports, a response that might disappoint the US Treasury...

Inflation Battle Continues: Fed Indicates Fight Is Not Over

The market is adamant that we’re living in historic times, so it’s best to treat them accordingly. The weekend saw a package of measures...

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