Global Banking Monitor

Friday, April 26, 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: significant

Peru’s Central Bank Foresees Economic Shrinkage After Significant Adjustment

Peru central bank chief Julio Velarde said the nation’s gross domestic product will contract this year, marking the first time a government official publicly...

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...

Yellen Asserts Significant Headway in U.S. Inflation Reduction Efforts

The US is making “considerable progress” in bringing down inflation, which is especially notable given the labor market remains strong, Treasury Secretary Janet Yellen...

Beijing Takes Significant Steps to Address Looming Property Crisis in China

China's finally starting to do something about the three-year property crisis that's been weighing on its COVID-scarred economy. Beijing is urging banks to boost financing...

Exclusive: UBS Approaches Significant Restructuring of Investment Bank

UBS Group AG (UBSG.S) is poised to make sweeping changes to the senior ranks of its investment banking division globally as soon as Monday,...

Mortgage Rates Experience Significant Dip, Marking Biggest Decline Since March

U.S. mortgage rates inched lower this week, backing off from an eight-month high as inflation showed welcome signs of cooling. Mortgage buyer Freddie Mac said...

Yellen Warns Against US-China Trade Decoupling, Calling It a Significant Mistake

Treasury Secretary Janet Yellen said it is in the United States’ best interest to maintain ties with China, though she said documented allegations of...

Significant Surge: Canada’s Big Banks Experience 13-Fold Increase in Loan Loss Provisions

Canada’s big five banks this week collectively set aside the most money for loan losses since 2020, as concerns about an economic slowdown and...

ECB reaches a significant stage of rate tightening, says Makhlouf

The European Central Bank is in the final stretch of its historic cycle of interest-rate increases, according to Governing Council member Gabriel Makhlouf. “Given our...

Cambodia Experiences Significant Growth in Digital Payment Usage

In a new report, the National Bank of Cambodia (NBC) said that the country has witnessed a significant increase in mobile payments as more...

Fed’s emergency lending to banks decreases, yet stays at significant levels

Banks once again reduced their borrowings from two Federal Reserve backstop lending facilities in the most recent week, a sign the financial stresses that...

Credit Suisse Identifies Significant Control Weaknesses Following SEC Prompt

Credit Suisse Group AG said it found “material weaknesses” in its reporting and control procedures for the past two years, after questions from US...

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