Global Banking Monitor

Thursday, May 2, 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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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...

Michele Bullock Takes the Helm at RBA with a ‘Reform Agenda’: Gallagher

The incoming Reserve Bank governor is expected to bring “reform agenda” to the institution as it seeks to ramp up transparency, the government say. Michele...

India and Indonesia in Talks for UPI-Integration with Payment System

India is in talks with Indonesia to link the two countries’ fast payments systems to allow transactions in local currencies, a top Indian official...

US Seeks to Strengthen Ties with India for Economic Advantages, Says Report

The United States is courting India for its growing economic influence and also considering the latter as an indispensable accomplice in their rivalry with...

RBI’s Rate Pause Aligned with Global Trends, Proving Beneficial

The markets have been on a high for the past few sessions, particularly the Nifty, which consistently touched and even crossed the 18,000 mark...

Promoting African Trade: Bank Urges Africans to Transact with Local Currencies

A pan-African payment system that would allow African nations to trade among themselves, using their own currencies, is gaining momentum. The African Export-Import Bank expects...

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