Asian markets slumped and the euro fell further on Friday as the eurozone debt crisis was stoked by a ratings downgrade for Greece and 16 Spanish banks, while weak US data added to the pessimism. Tokyo tumbled 2.99 per cent, or 265.28 points, to 8,611.31, while Seoul plummeted 3.40 per cent, or 6...

Speakers asked the newly recruited bankers to equip themselves with professional knowledge as it is vital for attaining success in the banking sector for overall socio-economic development of the region. They urged them to make their banking activities free from corruption and monopoly so that th...

Mutual Trust Bank Limited (MTB) opened its 100th ATM booth at MTB Centre, Gulshan in the city recently.

Bangladesh Bank (BB) has directed all the dealer banks to remain alert against transfer of funds abroad by the owners of Jubo Karmasangsthan Society (Jubok) by selling Jubok assets.

Thirteen out of 29 non-bank financial institutions (NBFIs) have increased their minimum paid-up capital to Tk 1 billion each from Tk 500 million following a central bank directive.

SME Foundation has pumped more funds for single-digit financing to small entrepreneurs under its credit wholesaling programme.

Finance Minister AMA Muhith on Thursday said the government would continue to allow investment of black money in the stock market throughout the next fiscal.

The amount of default loans increased by Tk 2,645 crore or 11.68 percent in public, private and foreign commercial banks in the first quarter of 2012.

Bangladesh Bank Governor Dr Atiur Rahman has advised the banks and financial institutions of ACU (Asian Clearing Union) member countries to be more active in each other’s territories for boosting regional trade and investment.

Global banking giant HSBC said Thursday that it has so far slashed $2.0 billion of costs in the first year of its ambitious plans to axe a total of $3.5 billion.