Global Banking Monitor

Friday, May 17, 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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Korean Banks Take Action: $1.5 Billion Pledged Amid Profit-Sharing Pressure

Commercial banks in South Korea will provide at least a combined 2 trillion won ($1.5 billion) to support self-employed and mom-and-pop business owners as...

Adani’s Trusted Bankers at Barclays Take a Cautious Approach After Hindenburg Issue

For more than a decade, Barclays Plc has been the go-to bank for Indian billionaire Gautam Adani, leveraging a relationship forged when only a...

New Zealand’s Economy Enters Recession as Higher Interest Rates Take Toll

New Zealand's economy has dipped into recession as higher interest rates take their toll, new figures released Thursday show. Gross domestic product fell by 0.1%...

Saudi Central Bank May Take Measures to Provide Liquidity to Banks, Says Capital Economics

The Saudi Central Bank, known as SAMA, may need to inject liquidity into the banking sector like it did last year as interbank rates...

Fed to Take Pause and Evaluate Impact of Rate Hikes

Federal Reserve policymakers are about to take their first break from an interest-rate hiking campaign that started 15 months ago, even as they confront...

Consumer watchdog urges families to take note of debt ceiling concerns

Leaders in Washington are running out of time to avoid an unprecedented default on US debt. The top consumer watchdog in the federal government...

El-Erian Advises Fed to Take a Cue From ‘Hamilton’

According to economist Mohamed El-Erian, the Federal Reserve has made policy mistakes by acting too late to tame inflation, and then doing too little....

Sanctions take a heavy toll on Russia’s largest bank, with profits plunging by 78%

It's getting exciting over in Russia... Russia’s dominant lender Sberbank reported a nearly 80% plunge in 2022 net profit Thursday as sweeping Western sanctions rattled...

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