Banking

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    German police raid Deutsche Bank in 'Panama Papers' graft probe

    Agence France-Presse . Frankfurt am Main | Updated at 04:55pm on November 29, 2018

    German prosecutors raided several Deutsche Bank offices in the Frankfurt area Thursday over suspicions of money laundering based on revelations from the 2016 ‘Panama Papers’...

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    India govt to run power play at next RBI board meeting

    Reuters . Mumbai/ New Delhi | Updated at 12:00am on November 29, 2018

    For all the cordiality on show at the end of Reserve Bank of India’s last board meeting, tensions could re-surface when it next gathers on...

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    BRAC Bank, BKash join with WorldRemit for money transfer to Bangladesh

    Business Desk | Updated at 12:00am on November 28, 2018

    Digital money transfer company WorldRemit is to expand its presence in Bangladesh by joining forces with BRAC Bank and BKash for digital money transfers, said...

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    ADB approves $50m for microenterprise dev in B’desh

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:00am on November 28, 2018

    The Asian Development Bank approved $50 million loan to promote microenterprise development in Bangladesh through a credit line to Palli Karma Sahayak Foundation, a development...

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    Banks must quit magnetic-stripe cards by Feb

    Staff Correspondent | Updated at 12:00am on November 27, 2018

    Bangladesh Bank on Monday sets fresh deadline for all banks to give up the use of magnetic stripe in credit and debit cards to secure...

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    Too much centralised loan approval instigates indiscipline in banks: study

    Staff Correspondent | Updated at 12:00am on November 26, 2018

    Loan approval in much centralised way creates excessive pressure on the head offices of banks and instigates indiscipline in banks, a Bangladesh Institute of Bank...

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    Swiss vote on insurance company spies

    Agence France-Presse . Geneva | Updated at 12:00am on November 24, 2018

    The thought of a stranger filming you while you sit on your balcony or work in your garden is likely unsettling to most....

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    Bad loans jump fourfold in 9 years

    Shakhawat Hossain | Updated at 12:32am on November 23, 2018

    Defaulted loans rose by almost fourfold until the penultimate year of the successive tenure of the Awami League-led government amidst series of loan scams with...

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    Sri Lanka state banks to borrow $1b abroad

    Reuters . Colombo | Updated at 12:00am on November 23, 2018

    Sri Lanka’s three state banks will borrow up to $1 billion from foreign sources before the end of 2018 and use the money to pay...

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    Indian rupee hits near 12-week high

    Reuters . Mumbai | Updated at 12:00am on November 23, 2018

    The Indian rupee rose to its highest in almost 12 weeks on Thursday as global oil prices eased further.The rupee strengthened past the psychological 71-to-the-dollar...

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