sector Archives - Global Banking Monitor

Mongolia Initiates Historic Move: Opens Door to Foreign Banks for Financial Sector Expansion

Mongolia is opening its door to foreign banks for the first time to support its developing banking sector, the country’s finance minister said. The move...

Global Non-Bank Sector Experiences Significant Retreat Amidst Higher Rates

Multi-trillion dollar non-banking finance saw its first major retreat last year since the global financial crisis in 2009, with the shrinkage due to higher...

India’s Banking Sector Grapples with Worst Liquidity Crisis in Half a Decade

India's banking sector is grappling with a severe liquidity deficit, reaching a near five-year high as the Reserve Bank of India (RBI) reported a...

Goldman Sachs’ Future Relies on Low-Profile, High-Growth Sector

Goldman Sachs is known as Wall Street’s top brand, a juggernaut employing some of the world’s best traders and investment bankers. But it’s facing an...

China Requests Banks to Fund Tech Sector in Effort to Boost Private Industry

China’s central bank called on the financial sector to help fund technology research and M&A deals, the latest in a string of promises to...

America’s Recession Avoidance Credit Goes to Corporate Sector, Says Top Strategist

Albert Edwards is known for lamenting “Greedflation.” The veteran strategist at the French investment bank Société Générale argued in a series of research notes...

Nymbus Secures $70M Funding to Drive Digital Transformation in Banking Sector

Nymbus, a startup that partners with banks to migrate their legacy stack and launch neobanks to attract new customers, today announced that it raised...

Turmoil in banking sector leads to rare bond buying opportunity

Global credit investors are jumping back into bank bonds following a sector-wide rout — though concerns about additional tier 1 debt remain. Money managers from...

Bank of England Governor Andrew Bailey says UK banking sector is ‘resilient’

The Governor of the Bank of England, Andrew Bailey, has said the UK banking system is in a sound position and well placed to...

UK Tech Sector at Risk of ‘Existential Threat’ Following Silicon Valley Bank’s Collapse, Warns Report

Dozens of early-stage tech companies in the UK have warned the chancellor of "an existential threat" to the sector following the failure of Silicon...

Tuesday Sector Leaders: Services, Financial

In afternoon trading on Tuesday, Services stocks are the best performing sector, higher by 0.3%. Within the sector, PayPal Holdings Inc (Symbol: PYPL) and...

Italy 2022 state sector budget deficit at 66.9 bln euros

Jan 2 (Reuters) - Italy posted a state sector budget deficit of 66.9 billion euros ($71.30 billion)in 2022, 39.6 billion euros lower versus 2021,...

Aerospace and defense stocks took flight in 2022. What analysts expect for the sector in 2023

Aerospace and defense stocks took off in 2022, outperforming the S & P 500 as a selloff trend pummeled growth and technology names. Wall...

Stripe employees get to sell $1bn of shares

Strategies for Upskilling Your Workforce in an AI-Driven Economy

Five Strategies for Enhancing Internal Communications in Banks

Tag: sector