The banking sector is in a bad shape as massive irregularities gripped most banks and non-bank financial institutions in 15 years. The sector ran, as the Centre for Policy Dialogue says, beyond regulatory control while the central bank favoured certain individuals and groups. The think tank says that Tk 92,261 crore was embezzled in 24 major banking scams...
US inflation remains 鈥榰ncomfortably鈥� above the Federal Reserve鈥檚 target despite the progress it has made in recent months, a senior bank official said Saturday...
The opening of letter of credit (LC) for imports increased in the financial year 2023-24 compared with that of in the year 2022-23 despite the central bank鈥檚 restrictive measures and a dollar crisis on the market...
Australia鈥檚 central bank held interest rates steady at a 12-year high Tuesday and warned that a cut is 鈥榥ot on the agenda鈥� as it battles stubbornly high inflation...
The interest rates on government treasury bonds surged to near 12.8 per cent in June due to the central bank鈥檚 contractionary monetary policy stance...
Russia鈥檚 central bank raised its key interest to 18 per cent on Friday, the sixth hike in just over a year as it seeks to tame soaring price rises.
Bangladesh Bank on Tuesday confirmed that the country鈥檚 international reserves have now surpassed $16 billion, with gross reserves totalling around $26 billion....
The Bangladesh Bank has decided to allow companies to form 鈥榗redit bureaus鈥� for credit reporting and scoring on individuals and businesses by analysing borrowers鈥� credit histories and repayment capacities...
Journalist association Economic Reporters鈥� Forum demanded immediate lifting of ban on journalists鈥� entry into the Bangladesh Bank, warning of a rigorous movement otherwise...
Business leaders on Thursday said that frequent policy changes by the central bank hampered their business and they called for long-term stable policies to ensure smooth business operations...
The Federal Reserve should stick to its current mandate and avoid the 鈥榬egulatory distraction鈥� of tackling climate risk, a senior official at the US central bank said Friday...
German inflation was unchanged in April, official data showed Monday, holding at a three-year low as hopes grow that the European Central Bank will soon start cutting interest rates...
THE Bangladesh Bank has so far made the headlines countless times for ills such as weak regulatory affairs, failures to recover loans in default, affording advantages to wilful defaulters, under-preparedness or no preparedness at all to...
FOR the last couple of months, mergers and acquisitions of banks have been the talk of the town. Many developments in the banking sector have been coming to the fore at regular intervals, thanks to the...
The Bangladesh Bank has decided not to accept any further proposals for bank mergers at the moment, as it has already received five proposals for mergers, according to a senior official of the central bank...
