• Images

    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...

  • Images

    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...

  • Images

    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...

  • Images

    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...

  • Images

    Bangladesh seeks addl $4.5b support from WB: Muhith

    Bangladesh Sangbad Sangstha . Bali | Updated at 12:00am on October 12, 2018

    Finance minister Abul Maal Abdul Muhith Thursday said Bangladesh has sought $4.5 billion additional fund from the World Bank under the ongoing Country Partnership Framework...

  • Images

    RBI sticking with plan to force payments cos to store data locally

    Reuters . New Delhi | Updated at 12:00am on October 12, 2018

    The Reserve Bank of India (RBI) will implement in full its directive that forces global payment companies to store data locally from this month, four...

  • Images

    Bangladesh Bank’s fresh guidelines for banks risk management

    Staff Correspondent | Updated at 12:05am on October 10, 2018

    Bangladesh Bank on Tuesday issued risk management guidelines afresh scrapping earlier one against the backdrop of the growing non-performing loans and increasing risk in the...

  • Images

    Era of bank secrecy ends as Swiss start sharing account data

    Reuters . Zurich | Updated at 03:25pm on October 07, 2018

    The era of mystery-cloaked numbered Swiss bank accounts has officially come to a close as Switzerland, the world’s biggest centre for managing offshore wealth, began...

  • Images

    Janata seeks FID nod to raise deposit rate amid crisis

    Staff Correspondent | Updated at 12:00am on October 07, 2018

    State-owned Janata Bank, reeling from loans scams, has sought consent from the Financial Institutions Division for offering more than six per cent interest rate on...

  • Images

    Pakistan quickly needs bigger FX reserves: IMF

    Reuters . Islamabad | Updated at 12:05am on October 06, 2018

    The International Monetary Fund (IMF) warned on Friday that Pakistan needs to quickly secure ‘significant external financing’ to stave off a foreign currency crisis, though...