Banking

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    Dhaka Bank launches contactless credit card

    Business Desk | Updated at 12:00am on September 03, 2019

    Dhaka Bank on Monday announced a partnership with Mastercard to launch their Mastercard Titanium contactless credit card in Bangladesh at a product launching ceremony held...

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    Remittance rises by 5pc in August on cash incentive

    Staff Correspondent | Updated at 12:00am on September 03, 2019

    Remittance inflow grew by 5.08 per cent or $71.79 million this August after posting Eid-ul-Azha-centric sharp 21.2 per cent growth in the previous month amid...

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    NSC sales dip by 57pc in July due to higher tax

    Staff Correspondent | Updated at 12:00am on September 03, 2019

    The net sales of national savings certificates fell by 57.10 per cent or Tk 2,875.57 crore in July, the first month of the current fiscal year...

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    Could cryptocurrency dethrone the dollar?

    Agence France-Presse . London | Updated at 12:37am on September 02, 2019

    Bank of England governor Mark Carney has suggested that a virtual currency, modelled on Facebook’s Libra, could one day replace the dollar as king of...

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    North Korea denies it amassed $2b through cyberattacks on banks

    Reuters . Seoul | Updated at 12:27am on September 02, 2019

    North Korea denied on Sunday allegations that it had obtained $2 billion through cyberattacks on banks and cryptocurrency exchanges, and accused the United States for...

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    Private sector credit growth hits fresh 6-year low in July

    Staff Correspondent | Updated at 12:06am on September 02, 2019

    The descending trend in private sector credit growth has remained unchanged with the growth rate hitting fresh six-year low in July this year amid heavy...

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    Argentina curbs banks’ access to pesos amid market turmoil

    Reuters . Buenos Aires | Updated at 12:00am on September 01, 2019

    Argentina’s battered bonds and currency were driven still lower on Friday amid downgrades by three credit rating agencies and a new measure the central bank...

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    Shamim, Nurul become Mercantile Bank DMDs

    Business Desk | Updated at 12:00am on September 01, 2019

    Shamim Ahmed and Md Nurul Islam have been promoted as deputy managing directors of Mercantile Bank, said a press release. Prior to this, Shamim was...

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    Sweden to introduce bank tax to fund defence boost

    Reuters . Stockholm | Updated at 12:00am on September 01, 2019

    Swedish finance minister Magdalena Andersson said on Saturday the centre-left coalition government would introduce a bank tax to help fund greater defence spending from 2022....

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    UK banks face 25pc earnings hit from no-deal Brexit: Citigroup

    Reuters . London | Updated at 12:00am on August 31, 2019

    Britain’s banks face a hit of up 25 per cent to their earnings if Britain crashes out of the European Union without a deal, analysts...

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