Tarique Afzal has recently been appointed president and managing director of AB Bank.

GERMANY’S biggest lender Deutsche Bank said Sunday it would cut 18,000 jobs by 2022, as the former leading light of the country’s financial sector looks to escape years of turmoil.

HIRING and retaining high-quality people, using a robust risk management system and complying with regulatory requirements are some of the key areas that can help a bank attain a sound financial health, said a top banker.

A massive decline in import and an inflow of record remittance have helped narrow the current account deficit by 40 percent in the first 11 months of the just concluded fiscal year, much to the relief of the Bangladesh Bank.

Tarique Afzal has recently been appointed as the President and Managing Director of AB Bank.

The Supreme Court (SC) extends for two months its stay on a High Court order that halted Bangladesh Bank circular allowing defaulters to reschedule their loans with a repayment period of up to 10 years.

Banks in Bangladesh are contributing to the rise in inequality as they collect deposits from people from all walks of life but give loans to only a few, analysts said yesterday.

Lawmaker Morshed Alam has been elected chairman of Mercantile Bank.

State banks did not get a single penny from taxpayers in the just concluded fiscal year to make up their capital deficit, in a clear sign from the government of its intent to stop pampering the errant lenders.

The Supreme Court stays till July 8 the High Court orders that halted Bangladesh Bank’s circular allowing defaulters to reschedule their loans with a repayment period of up to 10 years and get further loans.

State-owned BASIC Bank has finally got a managing director. The post had been vacant since November last year.

Mohammed Mahtabur Rahman has recently been re-elected chairman of NRB Bank.

The Bank of England cut its growth forecast for Britain’s economy to zero in the second quarter of 2019 and highlighted risks from global trade tensions and growing fears of a no-deal Brexit.

Computer meltdowns. Unexplained holes in accounting. Personnel management scandals.

The Reserve Bank of India diluted its guidelines on stressed assets and has now mandated banks to undertake a review of a borrower’s accounts within 30 days of default, according to a circular issued on Friday.

The Bank of England is approaching the time when it will need to raise interest rates again to keep inflation pressures in check, its chief economist Andy Haldane wrote in an article which pushes back strongly against recent market sentiment.

International Monetary Fund Managing Director Christine Lagarde warned on Saturday that the increasing presence of technology giants using big data and artificial intelligence could cause a significant disruption to the world’s financial system.

The continued slowdown in deposit growth can go on to raise concerns of stability of the banking sector, said a Bangladesh Bank report -- in a pressing call to the government to cut down the interest rate on national savings certificates.

Banks should be the only ones setting the interest rates as they offer loans at rates that are based on factors like cost of funds, credit worthiness of a customer and the prevailing market condition, said AKM Shaheed Reza, chairman of Mercantile Bank.

The government’s interest burden is likely to get heavier in the upcoming fiscal year thanks to its excessive reliance on high-cost national savings certificates to fund its expenditures.