Global Banking Monitor

Saturday, April 27, 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: low

US New-Home Sales Unexpectedly Hit One-Year Low

US new-home sales unexpectedly slumped in November, led by a sharp drop in the South and suggesting a bumpy road to recovery for the...

Egypt’s Currency Squeeze Pushes Bank Foreign Buffers to a New Low

Net foreign assets held by Egypt’s commercial banks went into a record deficit in June, as a lack inflows drives a deterioration in the...

South Korea’s Inflation Reaches 25-Month Low

South Korea's consumer price growth slowed for the sixth straight month in July to the lowest level in 25 months on the back of...

Polish Inflation at 17-Month Low, Fueling Rate Cut Speculation

Polish inflation slowed to its lowest rate in 17 months, making it more likely that the central bank will start cutting interest rates as...

The Enigma of Low Student Loan Refinancing: Unraveling the Causes Behind Banks’ Reluctance

For people struggling to pay back student loans, refinancing is one option that may provide relief. However, borrowers may also be hard-pressed to find...

Nigerian Currency Hits Record Low Against Dollar, Central Bank Revokes Licenses of 2,700 Currency Exchanges

The exchange rate of the Nigerian currency versus the greenback recently plunged to an all-time low of NGN860:USD1. The naira’s depreciation has been attributed...

Russia’s External Debt-to-GDP Ratio Reaches Historic Low

Russian's external debt-to-GDP ratio plummeted to a historic low of 15 per cent by the end of the first quarter, local media said on...

Low Unemployment Rate Supports Australian Banks in Home Loan Market

The CEOs of Australia's two biggest banks said on Thursday a tight labour market was keeping late home loan repayments below historic levels even...

Australia’s Recession Risk Rises as RBA Highlights the Bumpy Path to Achieve Low Inflation

The risk of Australia's economy slipping into recession has risen sharply, after the central bank surprised markets this week by raising rates and warned...

Australia’s Economic Growth Slows to 2.3% in Q1, Marking 18-Month Low

Australia’s first-quarter gross domestic product expanded by 2.3% year-on-year, just slightly below analyst expectations. Economists polled by Reuters had forecast an expansion of 2.4%, compared...

Inflation Hits Record Low in Europe Amidst Russia’s Ukraine Invasion

Inflation in Europe has fallen to its slowest pace since Russia invaded Ukraine, bolstering the case for the region’s central bank to bring interest...

Turkey’s Lira Hits New All-Time Low Following Erdogan’s Re-election

The Turkish lira sank to a fresh record low Monday as incumbent Recep Tayyip Erdogan secured his victory in the 2023 presidential election, extending...

Brazil’s Inflation Reaches 2-1/2 Year Low, Increasing Pressure on Central Bank to Cut Rates

Inflation in Brazil continued to slow down in early May, data from statistics agency IBGE showed on Thursday, in a move that surprised markets...

Australian February Inflation Slows to 8-Month Low, Reinforcing Case for Rate Pause

Australian inflation slowed to an eight-month low in February, due in part to a sharp retreat in prices for holiday travel and accommodation, bolstering...

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