Global Banking Monitor

Monday, May 13, 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: higher

Global Non-Bank Sector Experiences Significant Retreat Amidst Higher Rates

Multi-trillion dollar non-banking finance saw its first major retreat last year since the global financial crisis in 2009, with the shrinkage due to higher...

Pound’s Glory Days Diminish as Expectations for Higher Rates Fade

The pound’s unexpected rally this year may have finally run out of steam as the Bank of England moves closer to wrapping up its...

Bank of Ireland Raises Forecasts and Targets Higher Dividend

Bank of Ireland lifted its full-year guidance on Monday and said it expects to increase returns to shareholders after rising interest rates, a growing...

Bank of America CEO Raises Concerns about Impact of Higher Capital Requirements

Bank of America CEO Brian Moynihan said U.S. authorities need to be careful when implementing new capital requirements of the Basel III accord to...

Inflation Surge Linked to Calls for Higher Wages, Businesses Sound Alarm

Inflation is now being driven by higher wages as companies pass on rising salary costs to their customers, bosses have warned. The economy is slowing...

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...

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...

Bangladesh Adopts Higher Interest Rates and Free Float of Currency

Bangladesh’s central bank will allow the currency to float freely, finally giving into demands from the International Monetary Fund to unlock more money from...

New Zealand’s Economy Enters Recession as Higher Interest Rates Take Toll

New Zealand's economy has dipped into recession as higher interest rates take their toll, new figures released Thursday show. Gross domestic product fell by 0.1%...

Central Banks Increasingly Lean Towards Higher Rates, Awaiting Relief on Inflation

Two years into confronting rising inflation, the world's top central banks are still waiting for a decisive turn in their favor, with monetary policy...

OPEC+ announces surprise oil production cut that could lead to higher prices at pump

A group of OPEC+ member countries on Sunday announced voluntary oil production cuts that will run from May through the end of this year. The...

European Banks Lose Low-Cost Deposits as Savers Chase Higher Rates

European savers are increasingly moving their money from accounts that offer no or little interest to those that do, a shift that’s likely to...

Wall Street Bonus Payouts Drop by 26% Amidst Inflation and Higher Interest Rates

Wall Street bonuses fell 26% in 2022 amid rising interest rates and fears of a recession.According to a report released Thursday from New York...

Banks failure to pass on higher interest rates results in customers losing out on £23bn

Households are missing out on £23bn a year because banks are not passing higher interest rates to savers, a Sky News analysis shows. Although mortgage...

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