US President Barack Obama has vetoed a bill that would have approved construction of the Keystone XL oil pipeline. The Republican-led Congress sent the bill to the president on Tuesday….

Md Abdul Halim Chowdhury has recently been appointed as the managing director of Pubali Bank. Chowdhury has been serving the bank as managing director (current charge) since December 7, 2014,…

Net profit of United Commercial Bank grew 19.66 percent year-on-year in 2014, led by fourth quarter’s healthy earnings thanks to the simplification of loan provisioning rules by the central bank….

Bangladesh Bank yesterday instructed state-run commercial and specialised banks to take steps to withdraw or settle cases filed against farmers for defaulted agriculture loans. The progress on the settlement of…

The capital base of the banking sector widened 10.51 percent to Tk 71,754 crore in the fourth quarter last year from a quarter ago. In the third quarter of July-September,…

Deposits at banks dipped 1.07 percent in January from a month ago as savers rush to government savings schemes that offer higher interest rates compared to the banking system. Total…

New banks are lending out heavily — 70 to 80 percent of their total loans — to corporate clients instead of small and medium enterprises and retail consumers, insiders and…

The level of competition in investment and corporate banking services are to be investigated by the UK’s financial regulator, the Financial Conduct Authority (FCA). Launching its first review of the…

HSBC left itself open to criminal charges in the UK over its Swiss tax-dodging scandal, ex-director of public prosecutions Lord Ken Macdonald says. The QC said there were strong grounds…

The business community will go to court next week, seeking a remedy from the ongoing political impasse that has severely affected day-to-day businesses activities. “We are losing money, losing business,”…