Global Banking Monitor

Thursday, May 9, 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: increases

Bank of Canada Governor Indicates Potential Cease in Interest Rate Increases

Bank of Canada Governor Tiff Macklem recently suggested that the measures taken to tackle inflation are working, indicating a potential pause in the ongoing...

Bank of Japan Increases Bond Purchases as 10-Year JGB Yields Reach 9-Year High

Japan's benchmark 10-year government bond yield surged to a nine-year high on Monday, spurring the central bank to conduct unscheduled bond buying to slow...

First Test of Independence: Nigerian Central Bank Increases Rates

Nigeria’s central bank extended its longest phase of monetary tightening to tame inflation, disregarding a call by President Bola Tinubu for borrowing costs to...

US Banks Caution Stricter Capital Rules Could Lead to Price Increases

U.S. bank executives warned on Friday that looming higher capital requirements would raise prices for financial products and push activity into less regulated sectors...

China’s Economic Slowdown Prompts Rate Cut, Increases Focus on Stimulus

China’s weakening economy prompted the central bank to cut interest rates for the first time since August, and expectations are growing for more stimulus...

Canada’s May Unemployment Rate Increases, Breaking a Nine-Month Decline

Canada unexpectedly shed jobs in May and the unemployment rate rose for the first time in nine months, data showed on Friday, a first...

Swiss National Bank Chairman Suggests Rate Increases to Address Inflation

The Swiss National Bank could raise interest rates to tackle inflation which remains above target, Chairman Thomas Jordan said in an interview published on...

Bank of Canada Raises Rates to Highest Level in 22 Years, Anticipating More Increases

The Bank of Canada on Wednesday hiked its overnight rate to a 22-year high of 4.75%, and markets and analysts immediately forecast yet another...

Bank of Israel issues warning of possible rate increases if the shekel continues to slide

Israel’s central bank may need to tighten monetary policy should the shekel weaken further, Governor Amir Yaron said on Tuesday, one week after raising...

Nigeria Increases Central Bank Borrowing Limit to 15% of Revenue

Nigerian lawmakers increased the legal limit on government borrowings from the central bank in an emergency sitting of the senate on Saturday. An amendment setting...

Warren Buffett Sells Holdings in Two Banks, Increases Investment in Bank of America

Warren Buffett cut his exposure to two more banks last quarter while raising his commitment to Bank of America (BAC) and buying new stock...

Fed’s Goolsbee anticipates future impact from swift rate increases

Federal Reserve Bank of Chicago President Austan Goolsbee said much of the impact from the Fed’s rapid rate-hiking campaign is still working its way...

China’s Central Bank Increases Gold Reserves for the Fifth Consecutive Month

China boosted its gold reserves for a fifth straight month, extending efforts by the world’s central banks to boost their holdings of the precious...

Saudi Arabia Increases Oil Prices to Asia in Response to OPEC+ Surprise Cuts

Saudi Arabia hiked official selling prices for all of its oil sales to Asian customers in May, days after the kingdom led a surprise...

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