Global Banking Monitor

Friday, June 21, 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: funding

Record High Interest in Fed’s Bank Term Funding Facility

Banks borrowed a record amount from the Federal Reserve’s newest backstop facility in the most recent week as increasing wagers on interest-rate cuts made...

Saudi Fintech Success: Tamara Secures Unicorn Status with $340 Million Funding Round

Buy now, pay later platform Tamara has become the first Saudi fintech startup to reach a $1 billion valuation after raising $340 million in...

Slok Warns of Sustained Elevated Funding Costs for Regional Banks

US regional banks are seeing “permanently” elevated funding costs relative to their major competitors in the wake of the March turmoil that upended the...

US Regulators Instruct Banks to Strengthen Contingency Funding Plans

US lenders should review plans for their funding needs to make sure they have access to a range of liquidity sources during times of...

Bank Liquidity Stress Persists, Impacting Key Overnight Funding Market

Borrowing activity in the federal funds market is signaling that stress in the US banking system hasn’t fully gone away. Although a decline in total...

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...

European lenders discovered to rely on shadow banks for 14% of their funding

Euro-area lenders count on financial firms from outside of banking for about 14% of their funding — underlining how the industry is exposed to...

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...

Nymbus Secures $70M Funding to Drive Digital Transformation in Banking Sector

Nymbus, a startup that partners with banks to migrate their legacy stack and launch neobanks to attract new customers, today announced that it raised...

Fed’s Loans to Banks Soar to Unprecedented Levels as Term Funding Program Peaks

Borrowing from the Federal Reserve’s backstop liquidity facilities rose last week, with loans outstanding from one of them hitting a fresh high, as financial...

IMF Grants $3 Billion Emergency Funding to Ghana for Economic Revival

The International Monetary Fund approved Ghana’s request for a $3 billion bailout over three years to support the debt-ridden nation’s recovery. The West African economy...

Barclays-supported Bink raises £9m in funding to expand business

A loyalty app which counts Barclays and Lloyds Banking Group among its shareholders has secured a £9m funding lifeline. Sky News understands that existing investors...

Fed Details Major Elements of Its New US Bank Funding Program

The Federal Reserve on Sunday unveiled a new program to ensure banks can meet the needs of all their depositors amid escalating chances of...

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