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    Facebook’s Libra coin likely to run a regulatory gauntlet

    Reuters . New York/San Francisco | Updated at 12:03am on June 30, 2019

    Facebook Inc will face unprecedented regulatory scrutiny over a new digital currency that the social media company hopes will become globally recognised legal tender within...

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    PM again calls for single-digit bank rate

    Staff Correspondent | Updated at 12:00am on June 30, 2019

    Prime minister Sheikh Hasina on Saturday once again instructed the authorities concerned to take effective measures to bring down the interest rate of bank loan...

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    Failure at a big Indian non-bank lender could cause large damage: RBI

    Reuters . Mumbai | Updated at 12:00am on June 29, 2019

    Failure of a large Indian non-banking financial company could cause as much damage as the collapse of a big commercial lender, the Reserve Bank of...

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    10 banks suffer Tk 18,383cr provision shortfall

    HM Murtuza | Updated at 12:02am on June 28, 2019

    Ten banks, including six state-owned entities, suffered Tk 18,383 crore in capital shortfall at the end of March quarter this year due to high non-performing...

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    StanChart, HSBC sharpen EU focus to help clients cut path through Brexit, red tape

    Reuters . London | Updated at 12:00am on June 28, 2019

    Just as Britain moves to sever its ties with the European Union, two of its biggest banks, HSBC and Standard Chartered, are building up their...

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    Bangladesh banking sector condition worsens: IMF team

    Staff Correspondent | Updated at 12:00am on June 28, 2019

    Financial situation in the country’s banking sector has deteriorated further along with high vulnerabilities, observed an International Monetary Fund team. The delegation ended its 12-day...

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    Mahtabur re-elected NRB Bank chairman

    Business Desk | Updated at 12:00am on June 27, 2019

    Mohammed Mahtabur Rahman has been re-elected the chairman of NRB Bank at the bank’s meeting held recently, said a press release.Mahtabur is currently the chairman...

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    BB opens GTF for all sectors

    Staff Correspondent | Updated at 12:00am on June 27, 2019

    Bangladesh Bank on Wednesday opened up its Green Transformation Fund (GTF) for all manufacturing and export oriented entities irrespective of sector.Earlier, the BB only allowed...

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    Asia’s coal developers feeling left out by cold shoulder from banks

    Reuters . Nusa Dua | Updated at 12:40am on June 26, 2019

    Developers of coal mines and coal-fired power plants in Asia are facing difficulties growing their businesses as global financial institutions refuse to back their projects...

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    EU watchdogs demand detail on Facebook’s cryptocurrency

    Reuters . London | Updated at 12:15am on June 26, 2019

    Facebook’s fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant’s Libra...