Banking

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    Farmers Bank introduces recovery software

    | Updated at 12:00am on November 18, 2018

    The Farmers Bank Limited on Saturday introduced recovery software in an effort to ensure secured banking in its operations....

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    Regulators worry as banks step back from international money transfers

    Reuters . London | Updated at 12:00am on November 18, 2018

    Banks are increasingly stepping back from helping one another with international money transfers due to tougher money laundering checks, dealing a blow to countries that...

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    India govt wants committees to oversee RBI: report

    Reuters . Mumbai | Updated at 12:00am on November 18, 2018

    India’s government is seeking to form panels to monitor functions of the Reserve Bank of India (RBI), Bloomberg reported on Friday, citing people with knowledge...

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    Pound rebounds after Brexit upheaval rout

    Agence France-Presse . London | Updated at 12:00am on November 17, 2018

    The pound rebounded slightly Friday after Britain’s currency was hammered by Brexit fears, while stock markets diverged and oil prices rallied once more.Around 1145 GMT,...

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    Indonesia surprises with rate hike

    Agence France-Presse . Jakarta | Updated at 12:00am on November 16, 2018

    Indonesia hiked interest rates again Thursday as weak trade data and a slumping currency prompted the central bank to boost borrowing costs for the sixth...

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    Govt interventions behind large loans rescheduling

    Staff Correspondent | Updated at 12:00am on November 14, 2018

    Bangladesh Bank director Aftab ul Islam, also former president of American Chamber of Commerce in Bangladesh, on Tuesday said that the country’s financial health was...

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    Wall Street titan Goldman Sachs ‘cheated’ Malaysia: Mahathir

    Agence France-Presse . Singapore | Updated at 12:00am on November 14, 2018

    Goldman Sachs ‘cheated’ Malaysia, its leader Mahathir Mohamad said, after two former bankers from the Wall Street titan were charged over a scandal that allegedly...

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    BSEC grills Commerce Bank Securities top brass over share ‘price rigging’

    Staff Correspondent | Updated at 11:33pm on November 12, 2018

    Bangladesh Securities and Exchange Commission on Monday grilled top brass of Commerce Bank Securities and Investment, a brokerage firm, over allegation of price rigging of...

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    Bank scams, governance main challenges for next govt

    Staff Correspondent | Updated at 11:03pm on November 12, 2018

    Economists on Monday identified irregularities in the financial sector and lack of good governance as the main challenges that the next government would face in...

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    MTB to issue UnionPay cards

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

    Mutual Trust Bank has signed a partnership agreement with UnionPay International, the largest card payment organisation in the world in terms of number of cards...

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