Global Banking Monitor

Tuesday, April 23, 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: mortgage

Metro Bank Declines to Sell £3 Billion Mortgage Portfolio

Metro Bank Holdings Plc said it’s no longer considering the sale of a £3 billion ($3.8 billion) mortgage portfolio after it secured a rescue...

Citi Analysts Express Concern at Banks Over China’s Mortgage Rate Push

China’s use of stronger language in its latest pledge for banks to cut mortgage rates may lead to more pressure on margins, according to...

Economist Sounds Alarm on US Bond Market, Foreseeing Unprecedented Mortgage Rates Since 2000 and Escalating Banking Turmoil

The US bond market is on the verge of a meltdown that will send government debt costs spiraling and wreck the loan portfolios of...

Mortgage Rates Experience Significant Dip, Marking Biggest Decline Since March

U.S. mortgage rates inched lower this week, backing off from an eight-month high as inflation showed welcome signs of cooling. Mortgage buyer Freddie Mac said...

Chinese Banks Dealt Another Blow as Mortgage Refinancing Pushes Impact

Chinese banks’ profits may take a hit as policymakers urge lenders to lower the refinancing costs on $5.4 trillion of home loans, adding further...

Canada’s Bank Regulator Urges Lenders to Address Risks of Mortgage Extensions

Canada's financial regulator is urging lenders to tackle risks from mortgage extensions at the "earliest opportunity" as many borrowers try to navigate higher mortgage...

UK Mortgage Lending Takes a Hit After Unforeseen Interest Rate Rises

UK mortgage approvals fell unexpectedly, and borrowers repaid debt at a historic pace after soaring interest rates increased the cost of serving loans. The figures...

UK banks withdraw mortgage deals from the market amidst another round of rate hikes

UK lenders are removing mortgage deals from the market again and increasing the rates they charge borrowers for fixed-rate products. The number of home loan...

Expectations of Bank of England’s Base Rate Soaring to 5.5% Next Year Fuel Escalation in Mortgage Costs

Britain's largest building society has made some mortgages more expensive as the Bank of England's interest rate is now expected to rise higher than...

Consumer Debt Hits All-Time High of $17 Trillion, Despite Decrease in Mortgage Demand

Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid a sharp pullback in...

Hong Kong banks ramp up cash handouts in fierce mortgage competition

Fierce competition for new mortgage customers is driving banks in Hong Kong to offer the highest cash rebates in nearly two decades. The deals —...

Mortgage and car loan seekers face challenges from high interest rates

The banking crisis that erupted earlier this month elicited some predictions of a halt in interest rate hikes, since previous borrowing cost increases garnered...

Mortgage rates post big decline amid Silicon Valley Bank fallout

Mortgage rates fell sharply on Monday as the stunning collapse of Silicon Valley Bank triggered fears of a broader banking meltdown. The average rate on...

NAB, Westpac, ANZ and CommBank respond to Reserve Bank of Australia’s cash rate hike, amplifying mortgage pain for Australians.

All four major banks have passed on the Reserve Bank of Australia's latest rate hikes to struggling customers. The RBA lifted the nation's official cash...

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