Global Banking Monitor

Thursday, May 9, 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: record

Record High Interest in Fed’s Bank Term Funding Facility

Banks borrowed a record amount from the Federal Reserve’s newest backstop facility in the most recent week as increasing wagers on interest-rate cuts made...

Credit Card Expenditure Soars 38%, Reaches Record High

Credit card spends rose 38.3% year-on-year(y-o-y) to an all-time high of Rs 1.8 trillion in October aided by strong festival season spends. The 38.3% y-o-y...

Americans Reach Record $1 Trillion Credit Card Debt

Credit card debt hit $1 trillion for the first time on record, according to new data, a troubling development as interest rates and delinquencies...

Egypt Explores Solutions Beyond Rate Hike to Tackle Record Inflation

Not even record inflation looks likely to spur Egypt’s first interest-rate hike since March, with policymakers seen raiding other parts of their toolbox to...

Nigerian Currency Hits Record Low Against Dollar, Central Bank Revokes Licenses of 2,700 Currency Exchanges

The exchange rate of the Nigerian currency versus the greenback recently plunged to an all-time low of NGN860:USD1. The naira’s depreciation has been attributed...

Inflation Hits Record Low in Europe Amidst Russia’s Ukraine Invasion

Inflation in Europe has fallen to its slowest pace since Russia invaded Ukraine, bolstering the case for the region’s central bank to bring interest...

Philippine Corporate Earnings Hit Record High, But Inflation Presents Challenges

Philippine companies beat 2022 consensus revenue estimates by the widest gap in at least nine years. Profit, however, lagged behind projections, as high interest...

Japanese Firms Sell Record Short-Term Bonds as BOJ Tightening Looms

Japanese companies are selling record amounts of short-term bonds, a sign they’re bracing for the likelihood that the central bank will dismantle its ultra-low...

US bank lending sees largest drop on record in last weeks of March

US bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the...

US bank lending sees steepest decline on record in late March

US bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the...

Small US banks face a record drop in deposits following SVB’s collapse

Deposits at small US banks dropped by a record amount following the collapse of Silicon Valley Bank on March 10, data released on Friday...

Home Prices Record First Dip in 11 Years During February

U.S. existing-home prices fell from a year earlier in February for the first time in 11 years, as a dip in mortgage rates caused...

Canada’s Yields Plummet to Record Lows as Investors Shift Rate Bets

The yield on short-term Canada bonds is falling at the fastest rate in decades, as investors bet the Bank of Canada will cut rates...

Brazil posts record trade surplus of $62.3 bln in 2022

BRASILIA, Jan 2 (Reuters) - Brazil posted a $62.3 billion trade surplus in 2022, official data showed on Monday, a record in the series...

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