Chief Adviser Professor Muhammad Yunus today directed the Bangladesh Bank governor and the authorities concerned to bring those involved in looting money from banks to justice as soon as possible.

Clinically dead banks should be allowed to close down, the think-tank says

Otherwise, banking sector health will continue to deteriorate

Silicon Valley Bank (SVB), the 16th largest lender in the United States, has not reportedly faced any scam or lack of corporate governance. Still, it could not avoid the collapse. 

A little-known firm named SB Exim allegedly swindled Tk 200 crore from Bangladesh Commerce Bank Ltd (BCBL) using forged documents in the name of exporting terracotta tiles in 2018. 

The chief of Anti-Corruption Commission has come down hard on the role the central bank has played over the last several years when it comes to tackling graft in banks.

Had the Bangladesh Bank played the role of a guardian and properly inspected commercial banks, the scams would not have taken place in the banking sector, Anti-Corruption Commission Chairman Iqbal Mahmood said.

The government will allow state agencies to deposit 50 percent of their funds to deposit in private banks, up from the existing ceiling of 25 percent, to tackle the liquidity crisis in the sector.

Jatiya Party Chairman HM Ershad says the money of the general people of the country is being looted indiscriminately.