Global Banking Monitor

Saturday, December 2, 2023

Dollar to Weaken Over Next 2 Years, UniCredit Says

UniCredit Research expects “moderate dollar weakness” over...

Bank of Canada Governor Indicates Potential Cease in Interest Rate Increases

Bank of Canada Governor Tiff Macklem recently...

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Canadian Retail Sales Soar with 0.8% Jump, Reflecting Sharp Spending Increase

Canadian consumers splurged in September and October, a surprise resurgence in spending even as high interest rates restrict household budgets. Receipts for retailers rose 0.8%...

India’s Banking Sector Grapples with Worst Liquidity Crisis in Half a Decade

India's banking sector is grappling with a severe liquidity deficit, reaching a near five-year high as the Reserve Bank of India (RBI) reported a...

IMF Commends Sri Lanka’s Debt Management Collaboration with China’s Exim Bank

Amid its financial challenges, Sri Lanka has received commendation from the International Monetary Fund (IMF) for its handling of debt negotiations with China’s Export-Import...

Recognizing the Technological Success of Sohar International Bank’s Merger with HSBC Oman

It gives us immense delight to announce that Sohar International has earned our Technology Excellence Award for its successful merger with HSBC Oman completed...

Chile Takes Bold Step with Jumbo Interest Rate Cut in Line with Latin America’s Easing Trend

Chile’s central bank slashed its key interest rate by a larger-than-expected 100 basis points, spearheading Latin America’s shift toward looser monetary policy and signaling...

Denmark Raises Key Interest Rate by 25 Basis Points in Line with ECB Decision

Denmark’s central bank mirrored its European counterpart and added 25 basis points to its benchmark interest rate to support the krone’s peg to the...

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...

Australia’s Major States Grapple with Budget Strains Due to Income Squeeze

Australia's Major States Grapple with Budget Strains Due to Income Squeeze Australia’s two biggest states will struggle to return their budgets to surplus as the...

Swiss Bank Julius Baer to Cease Operations with Russian Clients – Letter Confirms

Swiss private bank Julius Baer (BAER.S) will end all business with clients based in Russia, it told them in a letter seen by Reuters...

Ghana’s Debt Surges by 20% in Four Months with Addition of Central Bank Loans

Ghana’s public debt increased by a fifth in just four months, driven partly by the inclusion of short-term loans from the central bank to...

Fifth Third Bancorp Exceeds Profit Expectations with Strong Interest Income

Fifth Third Bancorp on Thursday posted a better-than-expected second-quarter profit, as interest rate hikes by the U.S. central bank boosted its interest income. On an...

Concerns Mount as Australia’s Central Bank Hits Pause with Restrictive Policy Stance

Australia's central bank decided to keep interest rates steady this month as policy was clearly restrictive and there was a risk a squeeze on...

Bank of America Reports Earnings Season Starts with Strong Performance

Corporate America’s initial stretch of earnings releases delivered results that surpassed the historical norm for the quarter’s kickoff, paving the way for a “solid”...

Bank Earnings and Inflation Kick Off Earnings Season with a Bang

Earnings season began last week, with 12 S&P 500 companies reporting. Banks and financial companies were a big part of the mix. Better news...

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