Banking

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    Banks asked not to open LCs sans new e-BIN after Oct 31

    Staff Correspondent | Updated at 12:00am on October 08, 2019

    The Bangladesh Bank on Monday asked all commercial banks not to open letters of credit for importers without online-generated 13-digit business identification numbers after...

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    Bangladesh Bank gives remittance awards to 36 individuals, entities

    Staff Correspondent | Updated at 12:00am on October 08, 2019

    The Bangladesh Bank on Monday gave the Remittance Award-2018 to 28 individuals, and eight banks and exchange houses for their contributions to the country’s economy...

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    Forex markets enter UK political fray

    Agence France-Presse . London, United Kingdom | Updated at 12:18am on October 07, 2019

    Britain’s opposition parties are hitting out at currency speculators betting against the pound while also bankrolling the leadership campaign of pro-Brexit prime minister Boris Johnson...

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    For US banks skittish about marijuana, a proposal to ease worries

    Agence France-Presse . Washington, United States | Updated at 12:01am on October 07, 2019

    Most US banks shun people like Hope Wiseman, who runs a dispensary that sells marijuana for medical use. But a bill designed to open up...

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    As Fed policymakers comb data, few decisive signals on outlook

    Reuters . San Francisco/ Washington | Updated at 12:00am on October 06, 2019

    Federal Reserve policymakers on Friday signalled they are on high alert for signs that uncertainty over trade policy and slowing global growth are beginning to...

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    RBI cuts rates to near decade lows to revive growth

    Reuters . Mumbai | Updated at 12:00am on October 06, 2019

    The Reserve Bank of India on Friday cut the key policy rate to its lowest levels in nearly a decade, stepping up its efforts to...

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    PayPal becomes first member to exit Facebook’s Libra group

    Agence France-Presse . San Francisco, United States | Updated at 12:00am on October 06, 2019

    Pioneering digital payments firm PayPal on Friday said that it was abandoning an alliance intended to oversee the Facebook-backed Libra cryptocurrency, which had come under...

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    Sonali receives 1,000 pleas for rescheduling Tk 3,317cr

    HM Murtuza | Updated at 12:00am on October 06, 2019

    State-owned Sonali Bank has received almost 1,000 applications for rescheduling defaulted loans worth Tk 3,317 crore under a government-announced special rescheduling facility on easy terms. The...

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    SoftBank’s plans for second mega-fund hit by WeWork debacle

    Reuters | Updated at 12:00am on October 05, 2019

    SoftBank Group founder and chief executive officer Masayoshi Son is struggling to raise money for a second massive technology investment fund in the wake of...

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    Government’s bank borrowing rises by Tk 39,331cr

    HM Murtuza | Updated at 12:00am on October 05, 2019

    The government’s bank borrowing from the banking system increased by 43.98 per cent or Tk 39,331.47 crore year-on-year on September 24 of this fiscal year 2019-2020...

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