Global Banking Monitor

Monday, April 22, 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: credit

Finma Advocates for Increased Powers Following Credit Suisse’s Collapse

Credit Suisse came near collapse months before its eventual bailout, the Swiss Financial Market Supervisory Authority said Tuesday, according to Reuters. Finma, which has faced...

Credit Suisse Oversight: Swiss Authorities Face Criticism for Mishandling

About six months before Credit Suisse was sold to rival UBS in a weekend rescue, the head of the Swiss central bank wanted to...

Credit Suisse’s Downfall Unfolds Amidst Plans for Nationalization Through a $57.6 Billion Injection

About six months before Credit Suisse was sold to rival UBS in a weekend rescue, the head of the Swiss central bank wanted to...

Goldman Sachs Encounters Challenges as it Unwinds Partnership with Apple on Credit Card Venture

Goldman Sachs (GS) is facing a challenging exit from its four-year-old credit card partnership with Apple (NASDAQ:AAPL), marking a significant turn in the Wall...

Credit Card Expenditure Soars 38%, Reaches Record High

Credit card spends rose 38.3% year-on-year(y-o-y) to an all-time high of Rs 1.8 trillion in October aided by strong festival season spends. The 38.3% y-o-y...

India’s Central Bank Governor Raises Concerns Over Credit Exuberance

India’s central bank Governor Shaktikanta Das warned banks to undertake stress tests and said all forms of “exuberance” should be avoided, days after imposing...

Citi Engages in Talks to Initiate New Private Credit Strategy in Early 2024

Citigroup Inc. is in discussions to start a new direct-lending strategy by early January, the latest in a series of bank efforts to gain...

JPMorgan Views Less Than 1% Growth as Sufficient for Credit

JPMorgan Chase & Co. isn’t expecting much in the way of US economic growth next year, but it will likely be enough for US...

Euro Zone Bank Valuations Identified as Obstacle to Credit Growth by ECB

Low valuations for euro zone bank stocks appear to reflect concerns about credit risk and shareholder payouts, likely weighing on future credit growth via...

Americans Reach Record $1 Trillion Credit Card Debt

Credit card debt hit $1 trillion for the first time on record, according to new data, a troubling development as interest rates and delinquencies...

UBS Cuts Credit Suisse Investment Bank Staff, Shuts Houston Office, Says Source

UBS Group (UBSG.S) is laying off employees from Credit Suisse's investment bank this week in New York, a source familiar with the situation said. The...

Fitch’s Downgrade of US Credit Rating Amid Fiscal Face-Offs Creates Impact

On Tuesday, Fitch Ratings said it was knocking down the country's long-term foreign-currency issuer default rating (IDR) to 'AA+' from the highest score available...

UBS Predicts Departure of Credit Suisse Wealth Veterans in Hong Kong

UBS Group AG has seen a round of exits within its wealth division in Hong Kong less than two months after it completed the...

Fed Survey Shows US Banks Reporting Tighter Credit, Weaker Loan Demand

U.S. banks reported tighter credit standards and weaker loan demand from both businesses and consumers during the second quarter, Federal Reserve survey data released...

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