Global Banking Monitor

Friday, May 3, 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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Dollar Weakens to Lowest Level Since July as Data Sparks Rate-Cut Speculation

The dollar extended its drop after the Federal Reserve’s preferred gauge of underlying inflation showed muted price gains, affirming the central bank’s pivot toward...

Swiss Franc Hits Highest Level Against Dollar Since 2015

The Swiss franc jumped to its highest level against the dollar since 2015, when Switzerland’s central bank abandoned its policy to contain currency strength. The...

Uruguay’s Inflation Rate Drops to 4.8%, the Lowest Level Since 2005

Uruguay’s inflation rate last month fell to its lowest level in nearly 18 years as price gains cooled for food, clothing and gasoline. Consumer prices...

European Central Bank Raises Interest Rates to Highest Level in 22 Years

Eurozone interest rates have climbed to the highest level for 22 years as the European Central Bank indicated it is preparing to take borrowing...

Indian Forex Reserves Surpass $600 Billion, Near Highest Level in 15 Months

India's foreign exchange reserves (INFXR=ECI) rose for a third straight week to total $609.02 billion as of July 14, the highest in nearly 15...

European Central Bank Raises Interest Rates to Highest Level in 22 Years

The European Central Bank raised interest rates by a quarter of a percentage point Thursday and signaled another hike to come next month, unmoved...

Mexico’s Annual Inflation Reaches Lowest Level Since August 2021, Surpassing Expectations

Mexico's annual inflation rate slowed in May for a fourth consecutive month to 5.84%, data from statistics agency INEGI showed on Thursday, beating forecasts...

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...

Spanish inflation unexpectedly slows, nearing its lowest level in two years

Spanish inflation unexpectedly slows, nearing its lowest level in two years Spanish inflation slowed by more than anticipated, supporting the European Central Bank officials who...

Saudi Arabia’s Net Reserves Plummet to $410 Billion, Hitting Lowest Level Since 2010

Saudi Arabia’s net foreign assets fell to 1.538 trillion riyals ($410 billion) in April, the lowest since January 2010, even as the government forecasts...

Former BOE hawks predict UK interest rates to reach the “pain level” of 6%

Hawkish former Bank of England rate-setters warned that interest rates will need to soar as high as 6% to stamp out inflation, a level...

South Africa Raises Interest Rates to Highest Level Since 2009; Rand Plummets

South Africa’s central bank raised rates to the highest level in 14 years to rein in inflation expectations in an economy that’s expected to...

Sun Life CEO Predicts Interest Rates to Reach a Stable Level

Investors and businesses should get used to interest rates hovering around these levels for at least the next year, according to the head of...

Apple Stock Extends Slide, Falls Below $2 Trillion Level, As Investors Count iPhone Delay Hit To Earnings

Apple shares are trading at an 18-month low Tuesday as investors worry that supply chain disruptions and softer consumer spending will clip December quarter...

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