Wednesday, July 17, 2024

Merchant banks seek funds to compensate retail investors

Merchant bankers have sought financial help from the government to pay compensations to the retailers affected in the last year’s stock market debacle. They demanded credit worth Tk 9.0 billion at 10 per cent interest from the central bank to implement the compensation package. “We need loan to implement the package,” said MA Hafiz, president ... Read more

Govt to amend laws to stop forced share sales

Muhith says merchant banks must increase paid-up capital The government is going to amend the existing laws to restrain the merchant banks from forced selling of clients’ portfolios and to increase the amount of minimum paid-up capital set for the banks, finance minister Abul Maal Abdul Muhith said on Friday. ‘Forced selling is unfair. We ... Read more