Janata Bank has finally withdrawn the chief executive officer of its UAE operations on charges of fraud worth nearly $1.3 million.

Finance Minister Abul Maal Abdul Muhith has said the government is in the final stages of reaching an agreement with the World Bank to get the global lending agency back on board to fund the Padma bridge project. He also expressed the hope to be successful in such efforts within a week. Speakin...

WASHINGTON: US prosecutors are looking into whether British bank HSBC was involved in laundering money for Mexican drug cartels and moving cash for Saudi Arabian banks with ties to terrorists, The New York Times reported yesterday.

Bangladesh can improve its weak infrastructures by utilising Islamic funds available globally, said a senior official of a foreign bank.

Citibank NA has recently won the “Best Corporate/Institutional Internet Bank in Bangladesh” for the fifth consecutive year at the Global Finance magazine's annual World's Best Internet Banks competition.

Bharti Airtel has shortlisted banks including Standard Chartered and JPMorgan to manage a share flotation for its telecoms masts unit to raise more than $750 million, two sources with direct knowledge of the matter said.

Airtel Bangladesh yesterday launched mobile banking services for its subscribers.

A large water and sanitation project supported by the World Bank (WB) in Chittagong is now getting momentum despite some delay at the initial stage. Chittagong Water Supply and Sewerage Authority (CWASA) have recently accelerated its efforts to initiate the Chittagong Water Supply Improvement an...

The government recently allowed six new banks in the private sector. The government’s move drew criticism since there were 47 banks in place, which were said to be sufficient for providing banking services in urban areas after meeting the needs of the urban population.

This day will go down as a black day in the history of our nation. Our government has obliterated the unique characteristics -- one of which is the bank being owned and run by women -- which made the institution universally lauded and a Nobel Prize winner. Thanks to the amendment, the institution...