Global Banking Monitor

Friday, June 14, 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...

Tag: years

Bank of America Issues Early Warning of Mild Recession at Year’s Start

Back in January, Bank of America was one of many investment banks that believed the U.S. economy was barreling toward recession. With the Federal...

Dollar to Weaken Over Next 2 Years, UniCredit Says

UniCredit Research expects “moderate dollar weakness” over the next two years as the U.S.’s growth outperformance diminishes and interest-rate cuts cause rate differentials between...

Kenya Set to Receive $12 Billion Support from World Bank in Next 3 Years

The World Bank said on Monday that it foresaw $12 billion of support to Kenya over the next three years, potentially a major boost...

European Central Bank Raises Interest Rates to Highest Level in 22 Years

Eurozone interest rates have climbed to the highest level for 22 years as the European Central Bank indicated it is preparing to take borrowing...

European Central Bank Raises Interest Rates to Highest Level in 22 Years

The European Central Bank raised interest rates by a quarter of a percentage point Thursday and signaled another hike to come next month, unmoved...

Brazil’s Inflation Reaches Lowest Point in Over 2 Years, Triggering Calls for Rate Cuts

Consumer prices in Brazil decelerated more than expected in May, government data showed on Wednesday, with 12-month inflation hitting its lowest level in more...

Bank of Canada Raises Rates to Highest Level in 22 Years, Anticipating More Increases

The Bank of Canada on Wednesday hiked its overnight rate to a 22-year high of 4.75%, and markets and analysts immediately forecast yet another...

Sri Lanka Reduces Interest Rates for the First Time in Three Years as Inflation Cools

Sri Lanka unexpectedly cut its benchmark rate for the first time in nearly three years with the central bank targeting inflation easing to single-digits...

FDIC Reports Steepest Drop in US Bank Deposits in 39 Years at the Start of 2023

US banks lost $472 billion in deposits in the first quarter, according to a new quarterly report from the Federal Deposit Insurance Corporation (FDIC)...

Bank of Japan reports first unrealized loss on government bonds in 17 years

The Bank of Japan's (BOJ) unrealized losses on its holdings of record-high government bonds amounted to 157.1 billion yen ($1.1 billion) in fiscal 2022...

Spanish inflation unexpectedly slows, nearing its lowest level in two years

Spanish inflation unexpectedly slows, nearing its lowest level in two years Spanish inflation slowed by more than anticipated, supporting the European Central Bank officials who...

UBS Chair Expects Credit Suisse Integration to Last Up to Four Years

UBS Group AG Chairman Colm Kelleher said the integration of Credit Suisse Group AG will take three to four years, excluding the wind down...

The Secret to Canada’s 123 Years of Banking Stability

Did you know that Canada hasn’t had a serious banking crisis in 123 years? In the same period when the United States experienced the 1907...

The Biggest Financial Turmoil of the Last 40 Years: A Factbox

Markets have experienced massive upheaval in the last month, prompted in part by two of the three largest banking failures in U.S. history while...

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