Global Banking Monitor

Saturday, May 18, 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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Discover the Array of Banks Extending Student Loan Services

College is expensive. While the federal government offers student loans to help people pay their way through college, sometimes this isn’t enough. When that...

The Enigma of Low Student Loan Refinancing: Unraveling the Causes Behind Banks’ Reluctance

For people struggling to pay back student loans, refinancing is one option that may provide relief. However, borrowers may also be hard-pressed to find...

JPMorgan to Acquire Nearly $2 Billion of Mortgages in the PacWest Deal – Source

JPMorgan Chase & Co (JPM.N) will buy almost $2 billion worth of mortgages to facilitate Banc of California's (BANC.N) purchase of PacWest Bancorp (PACW.O),...

Understanding How the Federal Reserve Affects Savings Account Interest Rates

When the Federal Reserve changes interest rates, consumers feel the ripple effects in all sorts of ways. For savers, banks offering top rates tend to...

Fed’s Interest Rate Hike: Identifying the Biggest Winners and Losers

The Federal Reserve announced that it’s raising interest rates by 0.25 percentage point, following its July 25-26 meeting, boosting the federal funds rate to...

Nigeria’s Rate Decision Puts Central Bank Autonomy to the Test

The Central Bank of Nigeria’s first interest rate decision since Godwin Emefiele’s removal as governor will be a litmus test of its inflation-fighting mettle...

Empowering Women in Finance: The Growing Demand for Female Leaders in Central Banks

European Central Bank President Christine Lagarde, perhaps the world’s most well-known female central banker since Janet Yellen led the Federal Reserve, spoke candidly earlier...

Investment Banking Giants Feel the Impact of the Great M&A Slump

A few years ago, top investment bankers at Goldman Sachs Group Inc. wouldn’t even bother picking up phone calls from recruiters at smaller rivals....

Japan’s Government Predicts Slower Inflation in the Coming Year, Calls for BOJ Coordination

Japan's inflation will likely slow to around 1.5% next year when stripping away the effect of one-off factors, a government spokesperson said on Monday,...

What to Expect for Wall Street and the Economy This Week

A bevy of possibly market-moving events are in store for investors this week. Here’s a look at what’s coming. The Federal Reserve’s July meeting. The Fed...

US Banks’ Q2 Earnings Unveiled: A Visual Breakdown of the Results

U.S. banks benefited from higher interest rates in the second-quarter, driving a rally in major indexes, but lower consumer spending, slower loan growth and...

Bernanke Anticipates Next Fed Interest Rate Hike Could Mark the End of a Trend

The Federal Reserve’s widely expected increase in interest rates next week may prove to be the last in its current credit-tightening campaign, former Chair...

Chief Investment Officer (CIO) Advocates Interest Rate Cut by the Fed to Stabilize Inflation at 2%

If the Federal Reserve wants to get inflation back down to its long-term target of 2%, it needs to cut interest rates, not raise...

Understanding PEPs and the Banking Industry’s Account Closure Rules

Nigel Farage has claimed his bank account was closed because his views and friendships with the likes of Donald Trump and Novak Djokovic "do...

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