Global Banking Monitor

Tuesday, May 21, 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: recession

Euro Area Dodges Recession as 1st Quarter Stagnates

The euro-area economy avoided a winter recession after all, with revised data showing it stagnated at the start of this year instead of shrinking...

US Bank Earnings Challenge the Validity of Popular Recession Theory

The robust earnings at megabanks from JPMorgan Chase & Co. to Wells Fargo & Co. have poked holes in a popular theory: that an...

China’s Economy Heading Towards a “Double Dip” Recession

China prides itself on firm, “unswerving” leadership and stable economic growth. That should make its fortunes easy to predict. But in recent months, the...

Warning of Recession and Job Cuts in Britain if Rates Soar to 6%

Economists are warning that the UK economy faces a sharp recession and a flood of job losses if interest rates hit the 6% level...

New Zealand’s Economy Enters Recession as Higher Interest Rates Take Toll

New Zealand's economy has dipped into recession as higher interest rates take their toll, new figures released Thursday show. Gross domestic product fell by 0.1%...

Why Deutsche Bank Insists on the Inevitability of an Economic Downturn, Recession or Not

Odds of a U.S. recession have been hotly debated with the labor market and consumer spending showing resiliency even after some of the most...

New Zealand Potentially Enters Recession Earlier Than Anticipated by RBNZ

New Zealand’s economy may have contracted for a second consecutive quarter, putting it into recession sooner than the central bank expected. Gross domestic product fell...

Examining the Link: How Would a European Recession Affect the US?

Slow consumer spending and sticky inflation have led to two consecutive quarters of economic contraction in the European Union. That means that the eurozone...

Australian Bank Forecasts 50% Probability of Recession in the Country This Year

The Commonwealth Bank of Australia (CBA) on Friday downgraded its economic forecasts following a recent cash rate increase, saying the country has a 50...

Eurozone Slips into Recession as Economic Contraction Deepens

The eurozone entered into a technical recession at the start of the year, according to revised data, as rising inflation hit consumer spending. The economy...

Australia’s Recession Risk Rises as RBA Highlights the Bumpy Path to Achieve Low Inflation

The risk of Australia's economy slipping into recession has risen sharply, after the central bank surprised markets this week by raising rates and warned...

Deutsche Bank and Wells Fargo Anticipate Onset of US Recession in Q4 2023

Despite a better-than-expected earnings season, Wall Street economists still expect the U.S. to enter a recession this year. According to FactSet, the blended earnings...

Goldman Sachs Decreases US Recession Probability to 25% Following Debt Deal

Goldman Sachs Group Inc. lowered its estimate of the odds of a US recession over the next 12 months to 25% based on waning...

Morgan Stanley Warns of Impending Earnings Recession, Cautions Stock Market Unpreparedness

The earnings recession is still coming, and it's going to be worse than anyone thinks, Morgan Stanley said in a new note to clients...

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