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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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    BOJ’s Kuroda says Fed rate hikes good for global economy

    Reuters . Indonesia | Updated at 12:00am on October 14, 2018

    Bank of Japan Governor Haruhiko Kuroda said on Saturday steady interest rate hikes by the Federal Reserve were ‘basically good’ for the world economy, shrugging...

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    Financial sector needs a shake-up: IFIL MD

    Shakhawat Hossain | Updated at 12:00am on October 13, 2018

    Islamic Finance and Investment Limited, the first Shariah-based financial institution of the country, has played an important role in popularising banking backed by the Islamic...