Global Banking Monitor

Thursday, July 25, 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: million

Saudi Fintech Success: Tamara Secures Unicorn Status with $340 Million Funding Round

Buy now, pay later platform Tamara has become the first Saudi fintech startup to reach a $1 billion valuation after raising $340 million in...

MUFG to Purchase $936 Million Stake in U.S. Bancorp Post Unit Sale

Mitsubishi UFJ Financial Group Inc. will buy a stake in U.S. Bancorp for $936 million, deepening an alliance after selling its regional banking business...

Oldest Philippine Bank Aims for 50 Million Users in E-Wallet Competition

Bank of the Philippine Islands, Southeast Asia’s oldest lender, is targeting to have 50 million customers on its digital platforms in the next three...

Banc of California and PacWest Announce Merger, to Raise $400 Million in Equity

Banc of California (BANC.N) and PacWest Bancorp (PACW.O) will merge in an all-stock deal to create a bank with $36 billion in assets, the...

Credit Suisse Faces $388 Million Fine in Response to Archegos Collapse

Credit Suisse has been fined $388mn by US and British regulators for “significant failures in risk management and governance” related to the collapse of...

Fed Imposes $186 Million Fine on Deutsche Bank for Control Lapses

Deutsche Bank AG will pay a $186 million penalty after a Federal Reserve investigation found that it failed to put in place sufficient measures...

U.S. Virgin Islands Demands $190 Million from JPMorgan in Epstein Lawsuit

The US Virgin Islands is seeking $190 million in penalties and disgorgement from JPMorgan Chase and requesting that it implement safeguards against human trafficking...

International Banks Extend $500 Million Commercial Loan to Kenya

Following the World Bank's approval of a $1 billion loan for the faltering economy, Kenya has obtained a commercial loan from a syndicate of...

ADB Grants $350 Million Loan to Assist Sri Lanka’s Economic Stabilization Efforts

The Asian Development Bank (ADB) on Monday said it has approved a $350 million special policy-based loan to provide budget support to Sri Lanka...

Credit Suisse Directed to Pay $926 Million in Georgia Prime Minister Case

Credit Suisse CSGN.Shas been ordered to pay $926 million compensation after a Singapore court said the bank had breached its duty to safeguard the...

Lebanon Receives $300 Million Funding Boost from the World Bank

The World Bank will dispatch $300 million in additional financing for the most vulnerable families in Lebanon, a country mired in what the lender...

First Republic Banker Earns $35 Million, Outpacing JPMorgan’s Dimon Prior to Financial Crisis

First Republic Bank made its name catering to wealthy clients across California and New York, reeling in many with unusually sweet mortgages that eventually...

JPMorgan Allocates $20 Million for Carbon Removal Initiatives

JPMorgan Chase & Co. has made a $200 million commitment to pull carbon from the air. That includes a $20 million purchase from Swiss...

Mizuho of Japan Acquires US Investment Bank GreenHill for $550 Million

Play The Godfather theme song because Mizuho Bank CEO Tatsufumi Sakai believes in America. At a time when more foreign banks seem to be going...

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