Global Banking Monitor

Sunday, May 5, 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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Massive Outflow: US Banking System Loses $78 Billion in Just One Week

Recent numbers from the Federal Reserve Economic Data reveal that a staggering $78 billion exited American bank accounts from July 5 to the 12. What...

Capital One Financial Surpasses Profit Estimates, Boosted by Increased Interest Income

Consumer lender Capital One Financial reported a second-quarter profit on Thursday that beat analysts' estimates, helped by higher income from borrowers following a rise...

Rude Health for Most American Big Banks, but One Struggles

From one perspective, it seems like a torrid time to be a banker. A handful of financial institutions failed in the first quarter of...

Bank of Canada to Maintain Rates for the Rest of the Year, but Possibility of at Least One More Hike

The Bank of Canada will keep its key interest rate on hold at 4.50% for the rest of this year, according to a majority...

Economists predict one more rate hike from the Fed before easing pressure in 2024

It seems that Jerome Powell's work isn't yet done, with economists expecting the Fed to stay true to its word and raise rates one...

Another big one’ expected soon, warns Hindenburg short seller

Hindenburg Research said it will soon release a new report, two months after the US short seller’s explosive allegations against Adani Group wiped more...

Power cuts have shrunk SA economy by one fifth, says PIC

Blackouts have reduced the potential size of South Africa’s economy by almost a fifth since they started being imposed around 2008, according to an...

Fed predicts only one additional rate hike for the remainder of the year

The Federal Reserve will hike interest rates just one more time in 2023 before the central bank ends its inflation battle, according to its...

2023 looks good for the market — especially for one ‘extremely attractive’ asset class: Fund manager

Markets have bottomed and things are looking up for stocks and bonds, which could rally more than 10% in 2023, according to one portfolio...

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