Banking

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    UK digital bank serves clients shunned by big lenders

    Agence France-Presse . London | Updated at 11:24pm on February 23, 2020

    Among Britain’s digital app-based banks that are attracting moneyed urban millennials is Monese, which also courts customers neglected by the country’s established lenders...

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    StanChart commits $75b towards SDGs

    Business Desk | Updated at 11:10pm on February 23, 2020

    Standard Chartered on Sunday announced that it committed $75 billion worth of project financing services towards Sustainable Development Goals, said a press release. The bank...

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    Bangladesh Bank enlists Bengal Commercial Bank as scheduled bank

    Staff Correspondent | Updated at 11:07pm on February 23, 2020

    The Bangladesh Bank on Sunday declared newly-licenced Bengal Commercial Bank as a scheduled bank, taking the total number of scheduled banks in the country to...

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    Banks asked to use simplified account form by June 30

    Staff Correspondent | Updated at 10:55pm on February 23, 2020

    The Bangladesh Bank on Sunday asked all banks to follow new and simplified forms modified on recommendations of a government committee for opening bank accounts....

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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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