due Archives - Global Banking Monitor

Global Economic Slowdown Expected in 2024 Due to High Rates, War, and Inflation

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and...

Chinese Banks Brace for Potential Erosion of Capital Buffers Due to Lingering Weak Market Sentiment

Chinese banks are likely to see further erosion in their capital cushions above regulatory minimum requirements after the quarter ended Sept. 30, as market...

Citi’s Onshore China Investment Bank Plans Face Delays Due to Data Law

Citigroup Inc.’s push to set up a wholly-owned securities business in China is taking longer than planned because the bank needs more time to...

World Bank: South Africa’s Economy Drains R700bn Every Year Due to Crime

The World Bank's latest economic update has shed light on the profound impact that organized crime has on South Africa's economy. Crime is costing...

Quarterly Profit of Top 10 UAE Banks Up by 5.6% Due to Reduced Impairment Charges

The aggregate net profit of the UAE's 10 largest banks increased by 5.6 per cent on a quarterly basis in the third quarter, boosted...

Inflation in Pakistan Soars to 29.8% Due to Surge in Food and Energy Prices

A series of sharp rises in energy and food prices in Pakistan, pushed its weekly inflation up by 1.30 per cent and annualised inflation...

Saudi Arabia’s Economy Slows Due to Oil Cuts and Price Decline

Saudi Arabia’s growth slumped in the second quarter as a drop in oil prices and the government’s decision to cut production push the country...

Australia’s Major States Grapple with Budget Strains Due to Income Squeeze

Australia's Major States Grapple with Budget Strains Due to Income Squeeze Australia’s two biggest states will struggle to return their budgets to surplus as the...

US Regional Bank Stocks Decline Due to Mixed Performance; Discover Hit by Regulatory Review

U.S. regional bank stocks fell on Thursday after quarterly earnings showed it was getting more costly for lenders to retain deposits. Shares of Discover Financial...

US Bank Mergers Stalled Due to Capital Rules and Regulatory Uncertainty

U.S. banks will probably hold off on striking deals until the end of next year at the earliest as they await clarity on new...

Zambia Anticipates Accelerated Growth due to Stimulus Measures and Debt Stabilization

Zambia’s government forecast the nation’s economic growth will accelerate over the next three years as it implements policies focused on stimulating output and stabilizing...

JPMorgan Benefits from Profit Growth Due to Higher Interest Rates

JPMorgan Chase said earnings from its lending business would continue to increase this year on the back of higher interest rates as the largest...

Citigroup’s Profit Declines 36% Due to Trading Slump and Increased Expenses

Citigroup beat analysts' estimates for second-quarter profit on Friday as higher interest payments from borrowers partly countered a blow to its Wall Street businesses...

JPMorgan Raises Expectations for India’s 2024 Economy, While Exercising Prudence Due to Global Uncertainties

JPMorgan increased its 2024 economic forecast for India — but only marginally — saying the country’s growth will be affected by a slowdown in...

Stripe employees get to sell $1bn of shares

Strategies for Upskilling Your Workforce in an AI-Driven Economy

Five Strategies for Enhancing Internal Communications in Banks

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