Global Banking Monitor

Friday, April 26, 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: faces

Nigeria Faces Cash Crunch Again on Anniversary of Failed Demonetization Campaign

Nigerians are hoarding cash again amid memories of a failed official campaign around this time last year to demonetize high-value naira notes. Many ATMs have...

Yen Faces Downward Pressure as Bank of Japan Adheres to Ultra-Easy Policy Amid ‘Extremely High’ Uncertainties

Japan’s central bank left its ultra-loose monetary policy unchanged at its final meeting this year, a move that unraveled the recent yen rally as...

Rabobank Faces EU Fine Over Involvement in Euro Bond-Trading Cartel

Rabobank was slapped with a €26.6 million ($29 million) European Union antitrust fine after traders colluded with counterparts at Deutsche Bank AG over euro-dominated...

Finance Ministry: India Faces Obstacles to High Growth in Current Fiscal Year

The fundamentals of the Indian economy remain strong but adverse global developments and “negative cross-border spillovers” could be obstacles to the country achieving a...

Italy’s Economy Faces Surprise Contraction, a Challenge for Meloni

Italy’s economy unexpectedly contracted in the second quarter, a setback for premier Giorgia Meloni’s government as it tries to sustain prosperity and cut debt. Gross...

Fed’s Tightening Cycle Endgame Faces Challenges Amid Easing Financial Conditions

Less tight financial conditions as exhibited by the red-hot stock market may increase the chances that the Federal Reserve hikes rates again before the...

Turkey’s New Central Bank Governor Faces Public Debut Amidst Misgivings

Turkey’s newly-installed central bank Governor Hafize Gaye Erkan will step into the spotlight for the first time on Thursday when she unveils fresh inflation...

IMF Raises Projections, But Warns Global Economy Still Faces Challenges

The risk of a crash landing for the global economy has receded, the IMF’s chief economist said as the multilateral lender predicted 3 per...

Credit Suisse Faces $388 Million Fine in Response to Archegos Collapse

Credit Suisse has been fined $388mn by US and British regulators for “significant failures in risk management and governance” related to the collapse of...

US Economy Faces Risks as $5.5 Trillion Savings Wipeout Unfolds

The US economy has held up remarkably well this year, defying recession predictions, thanks in part to Americans' pandemic-era savings that have cushioned consumer...

Bank of America Faces the Risk of Growing Bond Losses in Q2

Bank of America likely has another loss to report on its bond portfolio when it reports earnings tomorrow. JPMorgan’s bond loss was about $33...

China’s Unclear Debt Market Faces Tightening Funding Situation

The $9 trillion of Chinese local government bonds that helped drag the rest of the world out of the 2008 financial crisis are a...

China-based Bank Pursuing Global Lending De-Dollarization Faces Challenges in Repaying Dollar Debts

A development bank established by the BRICS bloc of nations to reduce reliance on US dollar loans is having trouble finding dollars to repay...

Bank of England Faces Increasing Demands to Expedite Review of Forecast ‘Bungles’

The Bank of England has been urged to speed up a review into its forecasting “bungles” after public confidence in the institution fell to...

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