Depositors from five Islamic banks will receive complete refunds in two years, according to the governor.
Deposit Recovery for Failed Islamic Banks in Bangladesh Bangladesh Bank Governor Ahsan H. Mansoor announced today that depositors from five failed Islamic banks will have their funds returned within the next two years. During a press conference regarding San Morito Islamic Bank, he explained that the decision to reimburse depositors was made with the guidance […]
Final plan set for merged banks: What to expect for depositors waiting to retrieve their funds
Bangladesh Bank’s 2025 Scheme for Samirit Islamic Bank Bangladesh Bank has finalized a resolution plan for Samirit Islamic Bank PLC, formed by merging five struggling Sharia-compliant banks. This scheme aims to gradually return funds to depositors. The central bank developed this approach to safeguard depositors and maintain financial stability after a series of fraud incidents, […]
Boards of five merging Islamic banks dissolved, repayment to small depositors to begin in a month
In charge of 5 administrators The boards of five struggling Islamic banks have been dissolved, paving the way for their merger. This move marks a significant step in the government’s efforts to revitalize the banking sector. Although it could take about two years to fully merge the banks, Bangladesh Bank has reassured smaller depositors (those […]
How BB intends to reimburse depositors of five merging banks
Out of the total TK1.52 trillion in deposits across five banks, TK46,000 crore is from individual depositors. September 21, 2025, 07:15 AM Last revision: September 21, 2025, 07:29 AM Illustration: TBS Highlights: Five Islamic banks merge into Bangladesh’s largest asset entity. Priority given to individual depositors; institutions may receive shares. Insurance payments capped at TK2 […]
Depositors of International Leasing seek intervention from BB to get their money back
Depositors Urge Bangladesh Bank Intervention Depositors at International Leasing and Financial Services Ltd (ILFSL) are calling on Bangladesh Bank to step in and help them recover their funds. This plea was made during a press conference held at the National Press Club in Dhaka by the International Lease Individual Depositors Forum. The chairman of the […]
China Prohibits Banks from Attracting Depositors with Trendy Labubu Dolls
Chinese Regulators Crack Down on Banks Offering Incentives Chinese banks, facing stiff competition for deposits, have reportedly been barred from giving away gifts like the popular Lovebourg dolls. This move by financial regulators underscores the challenges banks are encountering as interest rates and profit margins decline. Sources indicate that the Zhijiang branch of the National […]
$1,100,000,000,000 Pours Into US Banks Amid High Interest Rates As JPMorgan Chase, Bank of America Pay Pittance To Depositors: Report – The Daily Hodl
After two and a half years of the Fed's “prolonged high interest rate” policy, US banks have reportedly collected more than $1 trillion. The high interest rate system has allowed thousands of U.S. banks to earn higher yields on their Fed deposits, according to data from the Federal Deposit Insurance Corporation (FDIC). report Financial Times. […]
Bank creates money market account that lets depositors contribute to Baltimore bridge collapse recovery
Lewis Campion, president and CEO of the Maryland Motor Truck Association, spoke about the recovery from the Francis Scott Key Bridge collapse and its impact on the trucking industry. CFG Bank, headquartered in Baltimore A special short-term offer that allows depositors to use a portion of the interest they accrued after the Francis Scott Key […]