Banking

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    FB should not be trusted with ‘crazy’ cryptocurrency plan: US senators

    Reuters . Washington | Updated at 12:00am on July 18, 2019

    Democratic and Republican lawmakers said on Tuesday that Facebook Inc’s track record of what they described as untrustworthiness should stand in the way of it...

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    Experts for awareness about corporate guarantee of loan

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:00am on July 18, 2019

    Experts at a roundtable on Wednesday underscored the need for increasing awareness about the corporate guarantee of bank loan as the non-performing loan (NPL) has...

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    Pakistan central bank raises key interest rate to 13.25pc

    Reuters . Islamabad | Updated at 12:00am on July 17, 2019

    Pakistan’s central bank raised its main policy rate by 100 basis points on Tuesday to 13.25 per cent, citing increased inflationary pressures and a likely...

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    FB vows Libra currency will wait for approval as US airs worries

    Reuters . Washington | Updated at 12:00am on July 17, 2019

    Facebook Inc said on Monday it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed, as the US treasury...

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    BB devising strategy to check probable misuse

    HM Murtuza | Updated at 12:00am on July 17, 2019

    Bangladesh Bank is working to devise a strategy for prevention of possible misuse of the government-announced 2 per cent incentives against inward remittance of the...

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    Sharp rise in public bank bad loans

    Shakhawat Hossain      | Updated at 12:00am on July 16, 2019

    Bad loan in half a dozen state-owned banks including scam hit Sonali, Janata and BASIC increased by 5,182 crore in January-March period as the recovery...

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    DHFL says working with creditors to avoid haircut

    Reuters . Bengaluru | Updated at 12:00am on July 16, 2019

    Crisis-hit property finance firm Dewan Housing Finance Corp Ltd (DHFL) said on Monday it was working closely with its creditors and stakeholders on a resolution...

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    BFIU bars banks, NBFIs from transactions with PLFS

    Staff Correspondent | Updated at 12:00am on July 16, 2019

    Bangladesh Financial Intelligence Unit on Monday instructed all the banks and non-bank financial institutions not to conduct any transaction with the crisis-hit People’s Leasing and...

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    BB finds irregularities in sanctioning Tk 400cr in loans by IBBL

    HM Murtuza | Updated at 12:00am on July 16, 2019

    A Bangladesh Bank investigation has found irregularities in sanctioning loans worth Tk 400 crore by Islami Bank Bangladesh Limited (IBBL) to an entity and one individual...

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    AIIB approves membership of 3 African countries

    Xinhua . Luxembourg | Updated at 10:44pm on July 14, 2019

    The China-initiated Asian Infrastructure Investment Bank (AIIB) on Saturday approved the membership of Benin, Djibouti and Rwanda, bringing AIIB’s total approved membership to 100. The...

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