Global Banking Monitor

Thursday, July 25, 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: first

Wells Fargo Makes History: First Major US Bank to See a Unionized Branch

Wells Fargo & Co. is now the first major US bank to have a unionized workforce. Workers at a Wells Fargo branch in Albuquerque, N.M.,...

Chile’s Economy Surprisingly Expands for the First Time Since January

Chile’s economic activity expanded for the first time since January as a surge in mining softened the blow from declines across other sectors, corroborating...

First Test of Independence: Nigerian Central Bank Increases Rates

Nigeria’s central bank extended its longest phase of monetary tightening to tame inflation, disregarding a call by President Bola Tinubu for borrowing costs to...

First Abu Dhabi Bank’s Quarterly Profit Skyrockets Amidst Higher Interest Rates

First Abu Dhabi Bank PJSC reported a surge in earnings as it benefited from higher rates and improved margins. The United Arab Emirates’ largest lender...

UK Inflation Dips Below 8% for First Time in Over a Year

Britain’s inflation rate dropped to the lowest in 15 months, fueling hopes among investors and economists of a shift away from the worst price...

Bank of America Secures First Texas Municipal Deal Following GOP-Backed Law

Bank of America Corp. won a Texas city’s bond deal on Wednesday, a sign that the nation’s largest municipal underwriter plans to revive its...

First South American Central Bank to Cut Rates Urges Caution in Decision-Making

The first South American central bank to lower interest rates this year pledges to maintain a restrictive monetary policy, with only modest additional cuts...

Sri Lanka Reduces Interest Rates for the First Time in Three Years as Inflation Cools

Sri Lanka unexpectedly cut its benchmark rate for the first time in nearly three years with the central bank targeting inflation easing to single-digits...

First Republic to Lose a Quarter of Branches as JPMorgan Announces Closures

JPMorgan Chase is pulling the plug on 21 branches acquired during its takeover of failed regional bank First Republic. In a statement on Thursday, JPMorgan...

FDIC Identifies Growing Number of Banks with Weaknesses in First Quarter

The number of banks with financial, operational or managerial weaknesses increased during the first three months of this year, according to the Federal Deposit...

Bank of Japan reports first unrealized loss on government bonds in 17 years

The Bank of Japan's (BOJ) unrealized losses on its holdings of record-high government bonds amounted to 157.1 billion yen ($1.1 billion) in fiscal 2022...

First Republic Banker Earns $35 Million, Outpacing JPMorgan’s Dimon Prior to Financial Crisis

First Republic Bank made its name catering to wealthy clients across California and New York, reeling in many with unusually sweet mortgages that eventually...

JPMorgan to Discontinue Renewal of Personal Credit Lines for First Republic Customers, According to Source

JPMorgan Chase & Co has told clients with personal credit lines at First Republic Bank (OTC:FRCB) that it will no longer offer them when...

Americans’ total debt breaches $17 trillion mark for the first time ever

Americans’ debt levels continue to climb to new heights at a time when economic conditions are becoming increasingly less stable. Household debt balances set a...

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