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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Taiwan Reaffirms Commitment to Dialogue with US on Forex Policies

Taiwan's central bank said on Saturday it has smooth communication channels with the U.S. Treasury Department and will keep talking with them about foreign...

Mauritius Central Bank Aligns with Fed, Pauses Rate Hike Cycle

The Bank of Mauritius held its revamped interest rate at 4.5% as it forecast inflation will continue to slow. The monetary policy committee unanimously decided...

Gulf Central Banks Align with Fed, Pausing Rate Hikes

Central banks in the Gulf including Qatar and the United Arab Emirates followed the Federal Reserve’s decision to hold interest rates in order to...

ECB Pushes Ahead with Rate Hikes Despite Economic Setbacks

The European Central Bank is all but certain to raise borrowing costs to their highest level in 22 years on Thursday and leave the...

Canada Ends Partnership With Asian Infrastructure Bank, Citing Alleged Chinese Interference

Prime Minister Justin Trudeau’s government stopped Canada’s work with the Asian Infrastructure Investment Bank while it investigates claims the institution faces substantial interference from...

Gulf Central Banks Align with Fed, Pausing Rate Hikes

Central banks in the Gulf including Qatar and the United Arab Emirates followed the Federal Reserve’s decision to hold interest rates in order to...

Bank of Canada’s Beaudry Identifies Indications of a New Era with Elevated Interest Rates

A senior Bank of Canada official cautioned it is likely that longer-term real interest rates will remain elevated relative to prepandemic levels and will...

Bank of Canada Sends Shockwaves through Markets with 4.75% Policy Rate Hike

The Bank of Canada defied expectations by restarting its interest-rate tightening campaign, saying the economy is running too hot. Policymakers led by Governor Tiff Macklem...

BOJ Policy Tweak Pressure Subsides with Enhanced Liquidity in JGB Market

Futures suggest that Japan’s bond market is functioning better, reducing pressure on the central bank to alter its monetary-easing program. The spread between the June...

US Bank Regulators Caution Lenders to Monitor Risks Associated with Vendors

The top US banking regulators on Tuesday released new guidance for how banks should manage risks from firms they work with in a bid...

Argentina Boosts Currency Swap Access with China, Reaching $10 Billion

Argentina has signed a deal to renew its currency swap line with China and double the amount it can access to near $10 billion,...

FDIC Identifies Growing Number of Banks with Weaknesses in First Quarter

The number of banks with financial, operational or managerial weaknesses increased during the first three months of this year, according to the Federal Deposit...

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...

India’s RBI anticipated to maintain current rates until year-end, with a potential rate cut forecasted in early 2024, according to a Reuters poll.

The Reserve Bank of India (RBI) will leave its key interest rate unchanged at 6.50% on June 8 and for the rest of 2023...

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