NEW YORK: Citigroup said it will pay $15.5 million to Vikram Pandit, its former chief executive who resigned from company last month, as well as to his top deputy.

Fahmida Khatun concluding her three-part write-up on the 'State of governance in the banking sector: Dealing with the recent shocks’ The recent financial scam is an eye-opening incidence for all associated with the banking sector as well as the policymakers exposing the inherent weaknesses of ...

The state-owned Bangladesh Development Bank Limited (BDBL) is selling out foreclosed land at rates far below the market prices, people familiar with the matter have told the FE.

HSBC, Europe’s biggest bank, said on Friday it was investigating the alleged loss of data for clients in Jersey but had not been notified of any investigation by tax authorities.

WASHINGTON: The International Monetary Fund on Thursday urged the United States to quickly reach an agreement on a permanent fix to avoid automatic tax hikes and spending cuts early next year, saying a stop-gap solution could be harmful to the global economy.

HSBC Bangladesh yesterday struck a deal with Power Grid Company of Bangladesh Ltd (PGCB) to provide $60 million to help the state-run company improve its transmission network. The British banking giant's credit facility includes $24 million in term loans.

Islami Bank Bangladesh Limited has organised employees conference of Rangpur zone at Rangpur Zilla Parisad Community Center Friday.

BASIC Bank Limited opened its 56th branch equipped with online facilities at Mathbaria in Perojpur Thursday.

National Bank Limited opened the 160th branch at Goshairhat in Shariatpur Thursday.

The 88th branch of Southeast Bank Limited was opened at Sir Iqbal Road in Khulna recently.