Global Banking Monitor

Monday, May 6, 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: response

Chinese Banks Increase Bad Loan Sales in Response to Escalating Consumer Defaults

Chinese banks are putting bad loans up for sale at a record pace, as regulators push for faster disposal of sour debts amid rising...

Kazakhstan Central Bank Slashes Base Rate to 15.75% in Response to Inflation Trends

Kazakhstan's central bank has announced a reduction in its base rate to 15.75%, a move that aligns with market expectations and comes as a...

Credit Suisse Faces $388 Million Fine in Response to Archegos Collapse

Credit Suisse has been fined $388mn by US and British regulators for “significant failures in risk management and governance” related to the collapse of...

ECB’s Stress Test Overhaul Comes in Response to Banks’ Rosy Interpretations

The European Central Bank made one of its most forceful interventions to date in its stress tests for banks, after lenders took what it...

Dollar Weakens in Response to US Disinflation Signals as Fed Nears the End of Hiking Cycle

The dollar sank to its lowest since April 2022 on Thursday, as cooling U.S. inflation bolstered expectations the Federal Reserve would hike interest rates...

Barclays and Yes Bank Raise India’s Inflation Projection in Response to Price Jump

A higher-than-expected India inflation reading in June has prompted some economists to raise their forecasts for consumer price gains for the year, cementing expectations...

China’s Central Bank Intensifies Rate Cuts in Response to Weakening Economy

China’s central bank ramped up its monetary stimulus to help spur the economy amid signs of a weakening property market, a slump in business...

Saudi Arabia Increases Oil Prices to Asia in Response to OPEC+ Surprise Cuts

Saudi Arabia hiked official selling prices for all of its oil sales to Asian customers in May, days after the kingdom led a surprise...

Banks Do Balance-Sheet Shuffle in Response to Rising Interest Rates

As the Federal Reserve’s interest-rate hikes sent bond prices plunging last year, some of the country’s largest banks used a simple accounting maneuver to...

Top Nigerian Bank Allocates $267 Million in Response to Ghana’s Debt Restructuring

Zenith Bank Plc, Nigeria’s biggest lender by market value, said it set aside 123.4 billion naira ($267 million) in part to account for its...

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