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...

Tag: increase

Fed Should Deliberate a Potential Half-Point Rate Increase in July, Advises Summers in Case of June Pause

The Federal Reserve should be open to raising interest rates by a half percentage point in July if it opts to hold off from...

Canadian Economic Growth Exceeds Forecasts, Heightening Speculation of Rate Increase

The Canadian economy started off strong in the second quarter, extending a streak of better-than-expected growth and boosting the likelihood of another Bank of...

Kenya’s Inflation Surprises with an Unexpected Increase as Sugar Prices Surge

Kenya’s inflation rate unexpectedly climbed in May, fueled by soaring sugar prices that outgoing central bank Governor Patrick Njoroge warned may pose a risk...

SNB Stands Firm on Rate Increase, Denies Responsibility for Credit Suisse’s Downfall

Swiss National Bank Chairman Thomas Jordan on Wednesday defended recent interest rate hikes to tackle inflation, saying they were neither damaging for Swiss financial...

Indonesia’s Central Bank Plans 30% Increase in Repo Deals in the Current Year

Indonesia's central bank aims to increase repurchase agreements between commercial banks by 30% this year to 1,026 deals after 76 banks signed a repo...

Czech Central Banker Holub Advocates for Further Increase in Interest Rates

The Czech central bank should raise interest rates further to prevent high inflation from becoming entrenched in the economy, board member Tomas Holub said...

Significant Surge: Canada’s Big Banks Experience 13-Fold Increase in Loan Loss Provisions

Canada’s big five banks this week collectively set aside the most money for loan losses since 2020, as concerns about an economic slowdown and...

IMF Calls on US to Increase or Suspend Debt Cap, Warns of Avoidable Risks

The International Monetary Fund urged the US to immediately raise or suspend its debt limit, and warned that getting “stubbornly high” inflation back to...

Bank of Montreal’s Performance Below Expectations as Loan-Loss Set-Asides Increase

Bank of Montreal posted a surprise drop in fiscal second-quarter profit as it set aside a larger provision for loan losses and trading revenue...

Indonesia’s Central Bank Reports Increase in Forex Reserves to $145.2 Billion in March

Indonesia's foreign exchange reserves increased by nearly $5 billion to $145.2 billion in March, due to the government's offshore loan withdrawal and tax income,...

State Bank of Pakistan may increase interest rate to access IMF loan programme

The State Bank of Pakistan (SBP) is likely to raise the interest rate by 2 per cent at the ensuing meeting of the Monetary...

Debt Limit Increase: Will Congress Wait for a Market Crash to Act?

There's one way to force President Joe Biden and Congress to solve the looming crisis over the debt limit: a financial market crash. That's a...

February payrolls increase by more than expected, showing strong growth

Job creation decelerated in February but was still stronger than expected despite the Federal Reserve’s efforts to slow the economy and bring down inflation. Nonfarm...

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