The 2010 stock market debacle prompted the securities regulator to form a "high profile" advisory committee to suggest changes in policies, whenever needed, to help develop the country's capital market.The committee sat only once in 2014 after its formation in March 2011. The market has been through many crises since...
Read moreUnited Finance Ltd has reported a 36 per cent year-on-year drop in profit for 2022, due to increased operating expenses and higher provision against loans.The listed non-bank financial institution (NBFI) logged a net profit of Tk 142 million in 2022.Its earnings per share (EPS) dropped to Tk 0.76 in 2022,...
Read moreMidland Bank made a dismal trade debut on Monday in the secondary market after getting poor response from the primary market, reflecting investor confidence dented in bank shares that were most lucrative ones before the 2010 market debacle.The new generation bank's stock hit the lower limit circuit breaker as soon...
Read moreABM Mokammel Hoque Chowdhury has been reappointed as the managing director (MD) of Union Bank Limited, said a press release. Prior to the reappointment, he served the bank in the capacity of managing director from 2020. Before that, he was the additional managing director and deputy managing director of the...
Read moreIFIC Bank and NEC Money Transfer Limited, UK signed an agreement on a remittance payout service through IFIC Bank on Thursday. IFIC Bank MD & CEO Shah A Sarwar, NEC Money Directors Mohammad Jahangir Farazy and Dr Anower Farazy Emon spoke at the event at IFIC Tower in Dhaka.
Read moreNEW YORK, March 27 (AFP): Elon Musk has put the current value of Twitter at $20 billion, less than half the $44 billion he paid for the social media platform just five months ago, according to an internal email seen by American news media.The email to employees referred to a...
Read moreDifferent banks, government agencies and other entities paid homage to the Liberation War martyrs by placing wreaths at the National Memorial in Savar and other memorials to the martyrs across the country on the occasion of the Independence and National Day on Sunday. Some other organisations also placed wreaths at...
Read moreLONDON, March 27 (AFP): European stock markets rebounded slightly Monday after US lender First Citizens bought most of collapsed rival Silicon Valley Bank, easing fears of a sector crisis.Frankfurt rallied 1.3 per cent, with shares in troubled Deutsche Bank surging more than five per cent after diving Friday on investor...
Read moreLONDON, March 27 (Reuters): US stock futures rose on Monday, after First Citizens BancShares helped calm unsettled markets by saying that it would take the deposits and loans of failed Silicon Valley Bank. The deal offered markets some respite after weeks of turmoil set off by the collapse of tech-focused...
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