Oldest mutual fund beyond securities laws as mismatches emerge
The operations of the ICB Unit Fund, the country's oldest and largest mutual fund (MF) floated in the 1980s, have yet to come under securities laws.Officials of the Bangladesh Securities and Exchange Commission (BSEC) said repeated attempts had been made to streamline the fund's operations in line with stipulated rules...
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Investors in defense stocks wary as Trump places new limits on CEO pay and dividends
Investors in defense contractors worry that a White House order restricting CEO pay, dividends and stock buybacks could reduce returns for shareholders and impede the companies' ability to attract the best executives, reports Reuters.US President Donald Trump issued an executive order on January 7 prohibiting defense contractors from paying dividends...
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Ahteshamul Haque appointed MD & CEO of Dutch-Bangla Bank
Md Ahteshamul Haque Khan joined Dutch-Bangla Bank Limited (DBBL) as its managing director and chief executive officer (CEO) on Saturday, according to a press release.Prior to this appointment, Mr Khan served as the deputy managing director and chief business officer (CBO) of the bank for nearly six years. He also...
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Baligaon sub branch of Citizens Bank inaugurated
Baligaon sub branch of Citizens Bank inauguratedManaging Director of Citizens Bank Alamgir Hossain inaugurates the Baligaon sub-branch at Munshiganj on February 2 as chief guest, highlighting the bank's focus on SME financing and modern banking solutions, in the presence of senior executives.
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Ripple effects of software rout felt through asset managers
Asset managers and private equity firms found themselves at the sharp end of the AI?driven shock hitting the software sector as investors fretted over exposure to loans and leverage tied to the industry, reports Reuters.The pullback in software - which has wiped out nearly $1 trillion in market capitalization in...
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