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...

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Citi Announces Plans to Separate Mexico Retail Bank from Corporate, Investment Unit by Late 2024

Citigroup (C.N) will split its Mexico retail unit, known as Banamex, from its corporate and investment banking business in the country by the second...

Insights from Bank of America: 5 Key Indicators for an Approaching Recession

So far, the US economy has staved off a recession, but Wall Street remains mixed on its outlook for the year ahead. Bank of...

Kenya Set to Receive $12 Billion Support from World Bank in Next 3 Years

The World Bank said on Monday that it foresaw $12 billion of support to Kenya over the next three years, potentially a major boost...

Tabby Receives Approval from Saudi Central Bank to Operate in Fintech

CAIRO: Saudi Arabia is fast becoming an attractive destination for regional fintech heavyweights thanks to the Kingdom’s carefully regulated operations to ensure ease of...

US Small Banks Not Fully Prepared for Emergency Borrowing from Fed

The lightning-fast collapse of Silicon Valley Bank this spring laid bare an inconvenient truth: Some U.S. banks are not prepared to borrow from the...

European Banks Benefit from Profit Boost Amid Resilient Loan Books

Most European banks beat profit estimates for the second quarter, with surprisingly robust loan portfolios providing a major boost to their earnings. Societe Generale’s credit...

Wells Fargo Customers Complain of Missing Deposits from Bank Accounts

Wells Fargo is dealing with a technical issue that has resulted in customers reporting that their direct deposits had disappeared from their bank accounts. On...

Bank of Japan Deputy Governor Dismisses Possibility of Early Exit from Ultra-Easy Policy

The Bank of Japan's decision last week to tweak its bond yield control policy was aimed at making its massive stimulus more sustainable, not...

Insight: Some Small US Banks Not Ready for Emergency Borrowing from Fed

The lightning-fast collapse of Silicon Valley Bank this spring laid bare an inconvenient truth: Some U.S. banks are not prepared to borrow from the...

Nigeria Grants Exemption to Small Lenders from Cash Withdrawal Limits and Penalties

Nigeria’s central bank exempted mortgage banks and certain microfinance lenders from cash withdrawal limits and penalties as it aims to boost credit for poorer...

UK Treasury Cautions Banks to ‘Learn’ From NatWest Rose’s Departure

The UK Treasury warned Britain’s banks to heed the lessons of the departure of NatWest Group Plc Chief Executive Officer Alison Rose, telling executives...

Chinese Banks Receive Support from Citi and UBS Following Goldman Sachs’ Report

Chinese banks are drawing a growing list of defenders against Goldman Sachs Group Inc.’s pessimistic report on the industry, highlighting how it stands out...

ECB to Demand Weekly Liquidity Data from Banks Amid Increasing Scrutiny

The European Central Bank plans to substantially tighten how it monitors liquidity after several bank runs in the US and Switzerland heightened concerns about...

U.S. Virgin Islands Demands $190 Million from JPMorgan in Epstein Lawsuit

The US Virgin Islands is seeking $190 million in penalties and disgorgement from JPMorgan Chase and requesting that it implement safeguards against human trafficking...

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