Global Banking Monitor

Saturday, May 11, 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: economic

Stress Test Shows Europe’s Banks Are Adequately Prepared for Economic Turmoil

Europe's banking sector could withstand a severe economic downturn without depleting their financial buffers against losses, the European Central Bank said Friday. A survey of...

Mauritius Takes Measures to Strengthen Reserves Amid Economic Uncertainty

Mauritius’s central bank plans to purchase foreign currency in the domestic market to boost its reserves and provide a stronger buffer against external shocks. The...

China Taps Pan Gongsheng as New Central Bank Governor to Boost Economic Recovery

China named Pan Gongsheng as governor of the central bank, strengthening his position as head of the institution tasked with boosting the world’s second-largest...

US Economic Soft Landing Relies on Fed’s Inflation Tolerance

Rising hopes of a soft landing for the US economy likely hinge on the Federal Reserve’s willingness to tolerate inflation markedly higher than it...

Morgan Stanley Upgrades Economic Growth Forecast, Cites Biden Infrastructure “Boom”

Morgan Stanley raised its economic growth forecast up this week, citing a "boom in large-scale infrastructure" driven by President Biden’s Infrastructure bill, according to...

Canadian Retail Sales Figures Indicate Economic Slowdown

Canadian retail sales underperformed expectations in May and were likely unchanged in June, data showed on Friday, pointing toward a slowdown in economic growth...

China’s Economic Slowdown Casts Shadow on Global Corporate Earnings

As the reporting season for the second quarter approaches, businesses with exposure to China's economy are on edge due to its sluggish growth. Companies...

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...

Brazil’s Economic Activity Plunges, Raising Expectations for Key Rate Cut

Brazil’s economy shrank more than expected in May according to the central bank’s main gauge of activity, as President Luiz Inacio Lula da Silva’s...

China’s Economic Recovery Slows, Experts Call for “Desperately” Needed Stimulus

China’s economic recovery continued to lose steam in the second quarter of 2023, prompting urgent calls for more stimulus from Beijing. The world’s second largest...

Russia’s Economic Woes Deepen, Revealing Where the Pain Is Most Felt

Russia's economy just keeps getting worse – and there are plenty of ways to show that. From plunging car sales to a dramatic collapse in...

Bank of Japan Chief Cautions on Highly Uncertain Global Economic Outlook

The head of Japan's central bank says the outlook for the global economy is highly uncertain. Bank of Japan Governor Ueda Kazuo was speaking to...

US Seeks to Strengthen Ties with India for Economic Advantages, Says Report

The United States is courting India for its growing economic influence and also considering the latter as an indispensable accomplice in their rivalry with...

IMF Forecasts Slower Economic Growth of Around 3% for Honduras in 2023

Honduran economic growth is seen slowing to about 3% in 2023, the International Monetary Fund (IMF) estimated in a statement issued on Friday, pointing...

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