Banking

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    Next IMF loan will be ‘the last’: Pakistan finance minister

    Agence France-Presse . Islamabad | Updated at 01:20am on October 21, 2018

    Pakistan’s finance minister promised Saturday to end the country’s reliance on International Monetary Fund bailouts to shore up its shaky economy, as officials prepare to...

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    RBI’s monetary policy committee highlights inflation spike risk

    Reuters . Mumbai | Updated at 12:00am on October 21, 2018

    The Reserve Bank of India’s monetary policy committee sees a risk of rising headline inflation from high crude oil prices and a weak rupee, indicating...

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    BB modifies provisioning against bank guarantee

    Staff Correspondent | Updated at 12:00am on October 19, 2018

    Bangladesh Bank on Thursday slightly tightened the banks’ requirement of keeping general provision against guarantees on which counter-guarantees were issued by multilateral development banks or...

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    Aziz becomes chair, Khaled vice-chair of City Bank

    Business Desk | Updated at 01:51am on October 18, 2018

    The board of directors of City Bank on Wednesday elected Aziz Al Kaiser as the bank’s chairman and Hossain Khaled as the vice chairman, said...

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    NDP expels its chairman

    Staff Correspondent | Updated at 12:01am on October 17, 2018

    National Democratic Party has expelled its chairman Khandker Golam Mortoza...

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    Bankruptcy judge approves financing to keep Sears open

    Reuters | Updated at 12:00am on October 17, 2018

    A bankruptcy judge on Monday approved $300 million in financing to keep department store chain Sears Holdings Corp open through the holiday season, giving the...

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    More banking executives pull out of Saudi investment conference

    Reuters . London | Updated at 12:00am on October 17, 2018

    The chief executives of HSBC, Standard Chartered and Credit Suisse have pulled out of a high profile conference in Saudi Arabia next week, the latest...

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    Banks allowed to hold collateral against external loans

    Staff Correspondent | Updated at 12:00am on October 16, 2018

    Bangladesh Bank on Monday allowed local banks to hold collaterals on behalf of the overseas bank branches to facilitate foreign borrowing by the public entities...

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    SoftBank’s Saudi ties unnerve investors

    Reuters . Tokyo | Updated at 12:00am on October 16, 2018

    SoftBank Group Corp saw its shares drop on Monday as fallout from the disappearance of a Saudi journalist spread to the Japanese conglomerate, whose nearly...

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    Tarique joins AB Bank as DMD

    Business Desk | Updated at 12:00am on October 16, 2018

    Tarique Afzal has been appointed as deputy managing director and head of corporate affairs, legal and regulatory concerns in AB Bank recently, said a press...

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