Eastern Bank has teamed up with Mihin Lanka Airlines to offer the bank's cardholders a three-night complimentary stay at a hotel in Sri Lanka.

The central bank yesterday warned the chief executives of non-bank financial institutions not to act irresponsibly and indulge in irregularities.

New technology about to be deployed by credit card companies will require US consumers to carry a new kind of card and retailers across the nation to upgrade payment terminals.

Barclays fell into a net loss last year, the British bank said Tuesday, hit by huge costs linked to its alleged role in the rigging of foreign exchange markets.

Swiss authorities yesterday raided the offices of British banking giant HSBC's Swiss unit as part of a money laundering probe into the bank that has been accused of helping clients to dodge millions of dollars in taxes.

Foreign private banks are bulking up in India once again after downsizing in the past few years, anticipating new opportunities to advise

The central bank will try to acquire information on the Bangladeshi nationals who held accounts with HSBC's Swiss private banking arm, a top official said yesterday.

Banks' default loans dropped 12.45 percent in the last quarter of 2014 after rising in the three previous quarters, much to the relief of the central bank.

Finance Minister Saifur Rahman said on Monday that the Government had decided to suspend the operations of the Bank of Credit and Commerce International (BCCI) In the public interest.