Global Banking Monitor

Monday, April 22, 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: markets

Decelerating US Inflation Provides Boost to Economy

U.S. prices fell in November for the first in more than 3-1/2 years, pushing the annual increase in inflation further below 3%, and boosting...

Can China Reclaim Its Economic Miracle in 2024?

China's disappointing post-COVID recovery has raised significant doubts about the foundations of its decades of stunning growth and presented Beijing with a tough choice...

US Short-Term Inflation Expectations Reach Lowest Point Since 2021

US consumers remained sanguine about the inflation outlook as 2023 drew to a close, contributing to a robust rebound in sentiment. Americans expect prices will...

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...

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...

India’s Rate Panel Leans Towards Tighter Control on Inflation, Reveals Meeting Minutes

India’s rate setters wanted to stay cautious as volatile food prices lent uncertainty to the overall inflation trajectory and did not want to confuse...

Modest Growth Signals a Soft Landing for Canada’s Economy

The Canadian economy is on track to avoid back-to-back quarterly contractions, with early data pointing to a slight rebound toward the end of the...

Global Economic Slowdown Expected in 2024 Due to High Rates, War, and Inflation

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and...

Nigeria Faces Cash Crunch Again on Anniversary of Failed Demonetization Campaign

Nigerians are hoarding cash again amid memories of a failed official campaign around this time last year to demonetize high-value naira notes. Many ATMs have...

UK Economy Shrinks, Escalating Risk of Recession

The UK economy unexpectedly shrank in the third quarter, raising the possibility that Britain is already in a recession and fueling bets on the...

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...

Mexico Confronts Unfavorable Inflation Developments Amidst Holiday Spending Spike

Mexico’s consumer prices rose more than expected in early December as increased holiday season-related spending keeps pressure on the central bank. Consumer prices rose 4.46%...

Indian Shadow Lenders Experience Sharp Decline Following Central Bank’s Tightened Norms

Indian Shadow lenders declined after the nation’s central bank tightened norms for investments by banks and other regulated entities into alternative investment funds to...

Recession Confirmed: Bank of Finland and Finance Ministry Align on Economic Downturn

The Bank of Finland and the Ministry of Finance have confirmed that the nation is currently in a recession. Both authorities have defined the decline...

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