Dhaka bourse on track to launch T+1 settlement cycle by December
The Dhaka bourse is set to shorten its trading settlement cycle from T+2 to T+1 by December this year, a move aimed at boosting trading volume. A committee comprising representatives of Bangladesh Bank (BB) and the Dhaka Stock Exchange (DSE) has already begun working to identify the changes needed for...
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Pvt mutual fund pioneer Yawer Sayeed passes away
Yawer Sayeed, a pioneer of Bangladesh's private mutual funds, passed away early Saturday in Gold Coast, Queensland, Australia.Sayeed, managing director of the first private asset management company AIMS of Bangladesh, launched the first private mutual fund, AIMS First Guaranteed Mutual Fund, in 2000.The board of directors, management and employees of...
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Bank Asia holds 27th AGM --
Bank Asia holds 27th AGM Bank Asia held its 27th annual general meeting virtually on June 11 under the chairmanship of Romo Rouf Chowdhury. Shareholders approved a 17 per cent dividend for 2025, comprising equal portions of cash and stock dividends, and endorsed the audited financial statements for the year.
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US bank regulators ramp up scrutiny of AI use at financial companies
NEW YORK, June 13 (Reuters): US banking regulators are stepping up scrutiny of how lenders deploy artificial intelligence as the developing technology sweeps through the industry, pressing firms on everything from data access and governance controls to risks posed by third-party vendors, according to people familiar with the situation.Banks have...
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