BASIC Bank continues to face challenges from past issues during the Bacchu period.

BASIC Bank continues to face challenges from past issues during the Bacchu period.

BASIC Bank’s Ongoing Struggles Following Financial Irregularities Once a respected state-owned bank, BASIC Bank continues to grapple with significant financial challenges stemming from the period when Sheikh Abdul Hye Bacchu served as chairman. Under his leadership, the institution faced allegations of irregularities amounting to around Tk 4,500 crore. Founded in 1989, BASIC Bank maintained profitability […]

Bank of America report indicates that ‘funflation’ is affecting spending on hobbies

Bank of America report indicates that 'funflation' is affecting spending on hobbies

Consumer Spending Trends on Hobbies Amid Rising Costs A recent report from the Bank of America Institute highlights an interesting trend: American consumers are increasingly dedicating funds to their hobbies, albeit at higher prices. The report draws on data from Bank of America cards, illustrating the phenomenon of “funflation.” This term refers to the elevated […]