Global Banking Monitor

Sunday, May 5, 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...

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US Short-Term Inflation Expectations Reach Lowest Point Since 2021

US consumers remained sanguine about the inflation outlook as 2023 drew to a close, contributing to a robust rebound in sentiment. Americans expect prices will...

Dollar Weakens to Lowest Level Since July as Data Sparks Rate-Cut Speculation

The dollar extended its drop after the Federal Reserve’s preferred gauge of underlying inflation showed muted price gains, affirming the central bank’s pivot toward...

Swiss Franc Hits Highest Level Against Dollar Since 2015

The Swiss franc jumped to its highest level against the dollar since 2015, when Switzerland’s central bank abandoned its policy to contain currency strength. The...

Uruguay’s Inflation Rate Drops to 4.8%, the Lowest Level Since 2005

Uruguay’s inflation rate last month fell to its lowest level in nearly 18 years as price gains cooled for food, clothing and gasoline. Consumer prices...

Chile’s Economy Surprisingly Expands for the First Time Since January

Chile’s economic activity expanded for the first time since January as a surge in mining softened the blow from declines across other sectors, corroborating...

Economist Sounds Alarm on US Bond Market, Foreseeing Unprecedented Mortgage Rates Since 2000 and Escalating Banking Turmoil

The US bond market is on the verge of a meltdown that will send government debt costs spiraling and wreck the loan portfolios of...

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...

Mexico’s Annual Inflation Reaches Lowest Level Since August 2021, Surpassing Expectations

Mexico's annual inflation rate slowed in May for a fourth consecutive month to 5.84%, data from statistics agency INEGI showed on Thursday, beating forecasts...

Saudi Arabia’s Net Reserves Plummet to $410 Billion, Hitting Lowest Level Since 2010

Saudi Arabia’s net foreign assets fell to 1.538 trillion riyals ($410 billion) in April, the lowest since January 2010, even as the government forecasts...

South Africa Raises Interest Rates to Highest Level Since 2009; Rand Plummets

South Africa’s central bank raised rates to the highest level in 14 years to rein in inflation expectations in an economy that’s expected to...

Australian Consumer Confidence Plummets to Lowest Point Since April 2020, Reports Indicate

A new report released on Tuesday confirmed that the Australian consumer confidence index decreased by 1.8 points to 75.9 over the week ending on...

Schwab Has Its Worst Month since 1987 Due to Cash Management Woes

Charles Schwab Corp.’s worst month in more than 35 years has sparked a debate among analysts as to whether the brokerage giant has been...

2-Year Treasury Yield Registers Biggest Decline Over Three-Day Period Since 1987 Stock Crash Fallout

Investors swarmed into U.S government bonds Monday after the collapse of Silicon Valley Bank and subsequent government backstop of the banking system. The rush...

Silicon Valley Bank’s collapse makes it the biggest US bank failure since Washington Mutual in 2008

 While relatively unknown outside of the Silicon Valley, the Silicon Valley Bank (SVB) was among the top 20 American commercial banks, with $209 billion...

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