Banking

BDBL appoints Hamidur, Pankaj Roy as DMD

Posted by BankInfo on Sat, Jul 15 2017 10:50 am

AKM Hamidur Rahman and Pankaj Roy Chowdhury joined as Deputy Managing Director (DMD) of Bangladesh Development Bank Limited (BDBL) recently, said a press release.
Prior, Hamidur Rahman and Pankaj Roy Chowdhury served as General Manager at BDBL and Agrani Bank respectively.
Hamidur Rahman started his banking career with Bangladesh Shilpa Rin Shangstha (BSRS) in 1985 on completion of BA Honours, MSC Degree with Statistics from Chittagong University. Earlier he served BDBL in various capacities as Head of SME and General Advance, Chittagong Zonal Head, Head of Law Department. He got training on Financial Management. Hails from a reputed Muslim family of Daouthkandi upzila, Comilla.
Pankaj Roy Chowdhury started his banking career with Agrani Bank in 1985 on completion of Masters Degree from Accounting Department of Dhaka University. Earlier he served Agrani Bank in various capacities as Chief Risk Management Officer, General Manager (Credit) and as CAMELCO.
He also served as Chief Executive Officer (CEO) of Agrani Equity and Investment for over five years. He participated higher training and seminar on banking at home and Abroad.

news:new nation/15-jul-2017

Choudhury Moshtaq Ahmed, Managing Director (CC) of National Bank Limited, poses with the participants of a short course on "Skill Development Course for Grooming a Potential Manager" at its training institute recently. ASM Bulbul and Shah Syed Abdul Bari,

Posted by BankInfo on Sat, Jul 15 2017 10:40 am

Choudhury Moshtaq Ahmed, Managing Director (CC) of National Bank Limited, poses with the participants of a short course on \"Skill Development Course for Grooming a Potential Manager\" at its training institute recently. ASM Bulbul and Shah Syed Abdul Bar

news:new nation/15-jul-2017

Md Abdul Halim Chowdhury, Managing Director of Pubali Bank Limited,inaugurating the 'Prospective Customers Meet -2017' of the bank at Comilla Club on Tuesday to exchange views with the regional customers as a part of business expansion. Mohammad Ali, DMD,

Posted by BankInfo on Sat, Jul 15 2017 10:30 am

Md Abdul Halim Chowdhury, Managing Director of Pubali Bank Limited,inaugurating the \'Prospective Customers Meet -2017\' of the bank at Comilla Club on Tuesday to exchange views with the regional customers as a part of business expansion. Mohammad Ali, DM

news:new nation/15-jul-2017

RBS fined $5.5bn over US subprime crisis

Posted by BankInfo on Sat, Jul 15 2017 10:21 am

Britain's bailed-out Royal Bank of Scotland agreed Wednesday to pay a US regulator $5.5 billion (4.8 billion euros) over its role in the subprime mortgage crisis more than a decade ago.
The lender said in a statement that the œ4.2-billion penalty was a "heavy price" to settle US mis-selling claims, which occurred in the run-up to the notorious global financial crisis and subsequent worldwide recession.
"The Royal Bank of Scotland... has reached a settlement with the Federal Housing Finance Agency," the lender said in a statement on Wednesday, adding that FHFA "litigation against RBS will be withdrawn".
The net cost will be $4.75 billion due to special indemnity agreements. The deal resolves FHFA claims in relation to RBS's issuance and underwriting of about $32 billion of residential mortgage-backed securities in the United States before the financial crisis erupted.
The agreement settles an FHFA lawsuit alleging that RBS sold faulty mortgage bonds to Fannie Mae and Freddie Mac between 2005 and 2007.
RBS will pay approximately $4.525 billion to Freddie Mac and approximately $975 million to Fannie Mae, the FHFA added.
The announcement resolves one of two major US probes into mis-selling allegations; RBS has yet to reach a deal with the Department of Justice.
"This settlement is a stark reminder of what happened to this bank before the financial crisis, and the heavy price paid for its pursuit of global ambitions," RBS chief executive Ross McEwan said in the statement.
The deal was "an important step forward in resolving one of the most significant legacy matters facing RBS".
Edinburgh-based RBS remains 70-percent state-owned after receiving a vast government rescue at the height of the 2008 crisis in the world's biggest banking bailout.
The FHFA fine is largely covered by money already set aside by the bank, which has long been plagued by legacy costs arising from its past conduct.
McEwan cautioned the bank may need to set aside more money to settle outstanding claims.

news:new nation/15-jul-2017

M. Kamal Hossain, Managing Director of Southeast Bank Limited, handing over a cheque of Tk 1.5m to Md.Asaduzzaman Mia, Dhaka Metropolitan Police Commissioner for "DMP Shikkhabritti 2017" fund at the latter's office on Wednesday.

Posted by BankInfo on Sat, Jul 15 2017 10:03 am

M. Kamal Hossain, Managing Director of Southeast Bank Limited, handing over a cheque of Tk 1.5m to Md.Asaduzzaman Mia, Dhaka Metropolitan Police Commissioner for \"DMP Shikkhabritti 2017\" fund at the latter\'s office on Wednesday. handing over a cheque of Tk 1.5m to Md.Asaduzzaman Mia, Dhaka Metropolitan Police Commissioner for \"DMP Shikkhabritti 2017\" fund at the latter\'s office on Wednesday.

news:new nation/15-jul2010
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