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...

Tag: rates

BOE Hikes Rates to 5.25% and Signals Persistent Tightening of Policy

The Bank of England raised interest rates to a new 15-year high, warning that its fight against inflation may require tighter borrowing conditions for...

Egypt Unexpectedly Raises Rates Despite Delay in Devaluation

Egypt unexpectedly resumed its cycle of monetary tightening, seeking to tame inflation that’s running at an all-time high. The central bank’s Monetary Policy Committee raised...

Bank of England Warns of High Rates as Borrowing Costs Reach 15-Year Peak

The Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25% on Thursday,...

HSBC’s Income Doubles as Rising Rates Boost Performance; Announces $2 Billion Share Buyback

HSBC Holdings (HSBA.L) raised its key profitability target and announced a fresh $2 billion share buyback on Tuesday, as rising central bank interest rates...

Pakistan Maintains Rates Unchanged Despite IMF’s Call for Tightening

Pakistan’s central bank kept its benchmark rate unchanged despite the International Monetary Fund calling for further tightening to reduce price pressures. The State Bank of...

RBA Holds Rates Steady as Inflation Eases, Leaves Room for Future Hikes

The Reserve Bank of Australia held interest rates steady on Tuesday as inflation eased in recent months, but said that more rate hikes may...

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...

Buybacks Soar to $5 Billion as European Banks Ride Rates Boost

Europe’s biggest banks announced new share buybacks worth $5 billion this week as they continue to benefit from higher interest rates. Spanish lender Banco Bilbao...

European Central Bank Raises Interest Rates to Highest Level in 22 Years

Eurozone interest rates have climbed to the highest level for 22 years as the European Central Bank indicated it is preparing to take borrowing...

Fed Raises Interest Rates by 0.25 Point, Hints at Possible Further Hike Amid Easing Inflation

Despite a recent pullback in inflation, the Federal Reserve raised its key interest rate by a quarter point Wednesday and signaled another hike is...

Understanding How the Federal Reserve Affects Savings Account Interest Rates

When the Federal Reserve changes interest rates, consumers feel the ripple effects in all sorts of ways. For savers, banks offering top rates tend to...

First Test of Independence: Nigerian Central Bank Increases Rates

Nigeria’s central bank extended its longest phase of monetary tightening to tame inflation, disregarding a call by President Bola Tinubu for borrowing costs to...

Bank of England Rates Expected to Reach 5.75% According to Reuters Poll

The Bank of England will raise its Bank Rate by a quarter-point to 5.25% on August 3, making borrowing the costliest since early 2008,...

Bank Indonesia to Hold Interest Rates Steady in Anticipation of Key Fed Meeting

Indonesia’s central bank will likely keep its benchmark interest rate at a four-year high to support the rupiah amid expectations the Federal Reserve will...

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