Category: Business

financial ombudsman complaints hit two year low Financial Ombudsman Complaints Hit Two-Year Low

Financial Ombudsman Complaints Hit Two-Year Low

The UK’s Financial Ombudsman Service (FOS) has recorded its lowest level of complaint volumes in two years, driven by regulatory intervention, procedural reforms, and a sharp decline in motor finance-related disputes. The data, covering the last quarter of 2025, indicate a return to complaint levels last observed in 2023/24. Between October and December 2025, the […]
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south african central bank issues crypto caution South African Central Bank Issues Crypto Caution

South African Central Bank Issues Crypto Caution

The Governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has issued a stern warning regarding the growing popularity of stablecoins, cautioning that these digital assets could “break apart” if not carefully managed. His remarks came during the 2026 Warwick Economics Summit, where he highlighted the increasing risks posed by cryptocurrencies to the broader […]
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standard bank reviews dhaka business strategy Standard Bank Reviews Dhaka Business Strategy

Standard Bank Reviews Dhaka Business Strategy

Standard Bank PLC convened a comprehensive business review meeting on Saturday at its Dhaka headquarters, focusing on the strategic operations of its regional branches. The meeting brought together branch heads from across Dhaka and represented a significant step towards aligning local operations with both the bank’s domestic and international objectives. The session was chaired by […]
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bangladesh advances sweeping insurance sector reforms Bangladesh Advances Sweeping Insurance Sector Reforms

Bangladesh Advances Sweeping Insurance Sector Reforms

The interim government of Bangladesh has announced a comprehensive reform programme designed to revitalise the nation’s struggling insurance sector. Years of weak governance, regulatory gaps, and declining public confidence have hindered growth, resulting in historically low insurance uptake. Authorities stress that immediate, well-structured reforms are crucial to restoring financial stability, reinforcing corporate governance, and rebuilding […]
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banks csr funds spark police school debate Banks’ CSR Funds Spark Police School Debate

Banks’ CSR Funds Spark Police School Debate

A fresh controversy has emerged in Bangladesh over the use, transparency, and prioritisation of corporate social responsibility (CSR) funds, following a proposal to finance a police-run school through donations from commercial banks. The initiative has reignited longstanding concerns within the banking sector about “directed CSR” and the thin line between voluntary philanthropy and perceived institutional […]
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desh general insurance settles max group cargo claims Desh General Insurance Settles Max Group Cargo Claims

Desh General Insurance Settles Max Group Cargo Claims

In a significant demonstration of fiscal responsibility and operational efficiency, Desh General Insurance Company Limited has successfully settled two substantial marine cargo insurance claims for Max Group. The payout, totalling approximately Tk 1.63 million, follows a disruptive fire incident at the Hazrat Shahjalal International Airport’s cargo village. Incident and Settlement Overview The claims originated from […]
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chinas ageing crisis exposed by hospital scams China’s Ageing Crisis Exposed by Hospital Scams

China’s Ageing Crisis Exposed by Hospital Scams

New Delhi/Beijing, 7 February — A surge in fraudulent psychiatric hospitals and associated insurance scams is casting an unflattering light on China’s struggle to care for its rapidly ageing population, according to a recent media investigation. The revelations underscore deep structural weaknesses in elder care, healthcare oversight and rural welfare provision, at a time when […]
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karnataka cid busts massive cyber fraud network Karnataka CID Busts Massive Cyber Fraud Network

Karnataka CID Busts Massive Cyber Fraud Network

In a landmark operation against online crime, Karnataka’s Criminal Investigation Department (CID) has dismantled a sprawling cyber fraud ring that relied on tens of thousands of illicit bank accounts. Authorities described the crackdown as one of the most extensive of its kind in the state, sending shockwaves through the digital crime ecosystem. On 6 February, […]
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