Banking

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    Wells Fargo to pay $3b to settle fake accounts scandal

    Agence France-Presse . New York | Updated at 11:00pm on February 22, 2020

    Wells Fargo has agreed to pay US regulators $3 billion to settle three investigations into the bank’s damaging fake accounts scandal, the Department of Justice...

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    BB to issue Tk 200 notes in Mar to mark ‘Mujib Year’

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 10:42pm on February 22, 2020

    The Bangladesh Bank will issue regular currency notes and commemorative notes of Tk 200 in March to mark the birth centenary celebration of the country’s...

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    5 banks face Tk 448cr loans in default

    HM Murtuza | Updated at 12:53am on February 21, 2020

    Five out of 35 scheduled banks, operating off-shore banking unit, have suffered Tk 447.94 crore in defaulted loans against their exposure through OBUs at the...

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    Bangladesh Bank officials demonstrate against dy governor

    Staff Correspondent | Updated at 10:16pm on February 19, 2020

    More than two hundred officials of the Bangladesh Bank on Wednesday demonstrated against BB deputy governor Ahmed Jamal, claiming that Jamal misbehaved with leaders of...

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    Govt could review interest cut decision, says Kamal

    Staff Correspondent | Updated at 10:12pm on February 19, 2020

    Finance minister AHM Mustafa Kamal on Wednesday said that they would consider whether the interest rate of postal savings scheme could be reviewed. ‘Let’s see...

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    HSBC axes 35,000 jobs as profits slump

    Agence France-Presse . London | Updated at 10:19pm on February 18, 2020

    Asia-focused banking giant HSBC on Tuesday axed 35,000 jobs, far more than expected, and posted slumping annual profits, as it warned over the financial impact...

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    12 banks suffer Tk 10,798cr in provision shortfall

    Staff Correspondent | Updated at 09:58pm on February 18, 2020

    Twelve scheduled banks including four state-owned banks suffered Tk 10,797.87 crore in provision shortfall at the end of December, 2019 despite the wholesale rescheduling facility introduced...

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    Asif becomes MTB AMD, GCRO

    Business Desk | Updated at 12:33am on February 18, 2020

    Chowdhury Akhtar Asif has recently been appointed the additional managing director and group chief risk officer of Mutual Trust Bank Limited, said a press release....

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    NBR pushes EFD installation schedule to March

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:29am on February 18, 2020

    Around 100 Electronic Fiscal Devices would be installed at some 100 business enterprises in March to ensure transparency to facilitate realisation of VAT. The National...

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    Government extends tenure of Fazle Kabir as Bangladesh Bank governor

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:27am on February 18, 2020

    The government has extended the tenure of Bangladesh Bank governor Fazle Kabir by another three months, said public administration ministry circular issued on Sunday. As...

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