Global Banking Monitor

Thursday, May 2, 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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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...

Big Banks Start Distributing Profits from Fed Rate Hikes to Depositors

As big US banks earn more from lending, the question has gnawed: When will depositors see their reward? It’s finally starting. Interest expense at Wells...

Will China’s Sluggish Economy Benefit from Rate Cuts?

After three years of zero-covid isolation took its toll on China’s economy, a drastic pivot away from pandemic restrictions was supposed to turbocharge an...

France Implements Buffer to Safeguard Banks from Exposure to Leveraged Companies

France will require its largest banks to increase their capital buffers if they expand loans to large, highly-indebted companies, as regulators seek to clamp...

Threat of $1 Trillion Debt Deluge from Treasury Puts Market Stability in Jeopardy

Investors are bracing for a flood of more than $1 trillion of Treasury bills in the wake of the debt-ceiling fight, potentially sparking a...

Harker from the Federal Reserve Urges FOMC to Consider Skipping June Rate Hike

Federal Reserve Bank of Philadelphia President Patrick Harker said the US central bank is close to the point where it can stop raising interest...

UK banks withdraw mortgage deals from the market amidst another round of rate hikes

UK lenders are removing mortgage deals from the market again and increasing the rates they charge borrowers for fixed-rate products. The number of home loan...

Short-Term Market Relief Anticipated from Debt Deal, but Long-Term Concerns Persist

Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets. U.S. President...

Bank Borrowings from the Federal Reserve Remain Stable, Showing Little Change Compared to Last Week

Borrowing from the Federal Reserve’s backstop liquidity facilities were little changed last week, even as strains in the banking sector remain in focus. The US...

Lebanon Receives $300 Million Funding Boost from the World Bank

The World Bank will dispatch $300 million in additional financing for the most vulnerable families in Lebanon, a country mired in what the lender...

Commercial Bank of Kuwait CEO Warns that Banking Turmoil is Far from Over

The current turmoil in the banking industry, which has seen the collapse of four US lenders and the takeover of Credit Suisse Group AG,...

Why European Banks Outshine U.S. Rivals: Insights from Analysts

European banks are looking stronger and more attractive than their U.S. counterparts on many metrics, according to officials and analysts speaking at the Institute...

Implications of $2 Trillion Exit from Global Economy Raise Concerns over Potential Turmoil

Central banks have been credited with averting a global depression twice over the past 15 years: Once after the 2008 financial crisis, and again...

Wall Street Concerned About Potential $1 Trillion Aftershock Resulting from Debt Deal

Looming behind market fears over the prospect of a historic US default is the less-discussed risk of what would follow a deal to resolve...

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