Global Banking Monitor

Sunday, April 28, 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: surge

Impressive Surge: UPI Transactions Skyrocket by 118% in Semi-Urban and Rural Stores

Transactions on the Unified Payments Interface (UPI) platform rose 118% year-on-year at retail stores in semi-urban and rural areas in 2023, indicating a wider...

Inflation in Pakistan Soars to 29.8% Due to Surge in Food and Energy Prices

A series of sharp rises in energy and food prices in Pakistan, pushed its weekly inflation up by 1.30 per cent and annualised inflation...

Emirates NBD Surpasses Expectations with Profit Surge Driven by Margins and Deposits

Emirates NBD PJSC’s net income for the second quarter beat estimates as higher margins, an improved deposit mix and loan recoveries raised revenue. Dubai’s biggest...

Inflation Surge Linked to Calls for Higher Wages, Businesses Sound Alarm

Inflation is now being driven by higher wages as companies pass on rising salary costs to their customers, bosses have warned. The economy is slowing...

Residential Gas Prices in China Surge as Controls are Eased

More than a dozen Chinese provinces and cities have increased residential natural gas prices since late last month after the nation’s top economic planner...

Kenya’s Inflation Surprises with an Unexpected Increase as Sugar Prices Surge

Kenya’s inflation rate unexpectedly climbed in May, fueled by soaring sugar prices that outgoing central bank Governor Patrick Njoroge warned may pose a risk...

Monzo, British Digital Bank, Achieves Monthly Profitability Milestone Following Surge in Lending

Monzo on Wednesday said it hit profitability for the first time this year, in a major milestone for one of the U.K.’s most prominent...

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...

Indian Banks to Witness Profit Surge Following Bank Notes Withdrawal

A key metric of profitability for Indian banks, lending margins, is set to get a boost as the nation’s decision to withdraw its highest-value...

Sri Lanka’s FX Reserves Surge to $2.69 Billion in March with IMF Assistance

Sri Lanka’s foreign exchange reserves grew in March to the highest in over a year after the South Asian nation clinched a $3 billion...

Shares of Deutsche Bank fall 14% due to a sudden surge in default insurance costs

Deutsche Bank shares fell on Friday following a spike in credit default swaps Thursday night, as concerns about the stability of European banks persisted. The...

German experts warn of inflation surge if banking woes prevent rate hikes

Germany's economic council on Wednesday warned that inflation could remain high for longer or even pick up again if financial market worries prevent central...

India Inflation Surge Prompts Calls for Immediate Data Revision

An unexpected acceleration in India’s inflation in the last two months has reignited debate on data collection practices that ignore changes in the economy...

Credit Suisse Default Swaps Surge Amid Industry-Wide Concerns Over SVB’s Default

The cost of insuring the bonds of Credit Suisse Group AG against default climbed to the highest on record as the collapse of Silicon Valley Bank...

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