Category: Economy

Bank Of America Agrees 72.5 Million Epstein Victims Settlement Deal Bank Of America Agrees $72.5 Million Epstein Victims Settlement Deal

Bank Of America Agrees $72.5 Million Epstein Victims Settlement Deal

Bank of America has agreed to pay 72.5 million dollars (approximately £57 million) to settle a proposed class action lawsuit alleging that it facilitated aspects of Jeffrey Epstein’s sex trafficking operations. The agreement, disclosed in a filing before a federal court in Manhattan, represents another significant chapter in the long-running legal repercussions stemming from Epstein’s […]
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Paris Police Foil Early Morning Bomb Plot Near US Bank Paris Police Foil Early Morning Bomb Plot Near US Bank

Paris Police Foil Early Morning Bomb Plot Near US Bank

French authorities have successfully thwarted a suspected bomb attack in the heart of Paris after police detained a man attempting to detonate an improvised explosive device outside a branch of Bank of America in the early hours of Saturday. The rapid intervention has triggered a full-scale counter-terrorism investigation, underscoring heightened security concerns across Europe. The […]
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Data Centre Insurance Risks Surge Globally Data Centre Insurance Risks Surge Globally

Data Centre Insurance Risks Surge Globally

The rapid global expansion of data centre infrastructure is reshaping the insurance landscape, driving both unprecedented demand for coverage and a sharp rise in associated risks. According to a recent report by Swiss Re, the sector’s accelerating growth is placing increasing pressure on insurers and reinsurers, who must balance rising exposure with limited capacity. Data […]
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Bank Asia to Acquire Alfalah Unit Bank Asia to Acquire Alfalah Unit

Bank Asia to Acquire Alfalah Unit

One of Pakistan’s leading commercial lenders, Bank Alfalah, has initiated a strategic withdrawal from Bangladesh, paving the way for Bank Asia Limited to acquire its local operations. The proposed transaction, already endorsed by shareholders, marks a notable development in South Asia’s cross-border banking landscape. Bank Alfalah maintains a substantial domestic footprint, operating more than 1,000 […]
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Insurance Sector Expands with Partnerships, Tech Boost

Insurance Sector Expands with Partnerships, Tech Boost

The insurance industry experienced a notably active week from 23 to 27 March 2026, as companies announced new partnerships, product launches, and expanded technology investments. Hiring trends remain stable, mergers and acquisitions continue to recover, and leaders maintain cautious optimism amid ongoing economic, technological, and environmental challenges. New Collaborations and Product Innovations Several high-profile collaborations […]
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Weaknesses Exposed in Bangladesh Insurance Sector Weaknesses Exposed in Bangladesh Insurance Sector

Weaknesses Exposed in Bangladesh Insurance Sector

Recent developments in Bangladesh’s insurance sector have brought to light persistent vulnerabilities, particularly in the life insurance segment, despite existing legal frameworks and regulatory oversight. Growing reports of irregularities and fraudulent practices have renewed focus on the sector’s structural challenges. At present, insurance fraud is mainly governed by the Insurance Act 2010 and the Penal […]
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Small Depositors Sustain Bangladesh’s Banks

Small Depositors Sustain Bangladesh’s Banks

Small and medium-sized depositors remain the driving force behind Bangladesh’s banking sector, supporting the stability and growth of financial institutions across the country. Banks are increasingly leveraging digital platforms, simplified account procedures, and customer-centric initiatives to attract these deposits. In addition, remittances sent by overseas Bangladeshis continue to play a significant role in expanding the […]
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ADB Raises Alarm on Remittance Flows

ADB Raises Alarm on Remittance Flows

Bangladesh’s remittance earnings—long regarded as a pillar of macroeconomic stability—may come under strain as intensifying conflict in the Middle East disrupts labour markets and migrant incomes, warns a recent report by the Asian Development Bank. The findings highlight how geopolitical shocks in distant regions can reverberate sharply across South Asian economies. According to the report, […]
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Synthetic Fraud Boom Raises Alarm for APAC Businesses Synthetic Fraud Boom Raises Alarm for APAC Businesses

Synthetic Fraud Boom Raises Alarm for APAC Businesses

Organisations across the Asia-Pacific (APAC) region are confronting a rapidly intensifying fraud landscape, as cybercriminals deploy increasingly advanced techniques ranging from synthetic identities to highly sophisticated automated attacks. The latest findings indicate that the scale, speed, and complexity of digital fraud are escalating, compelling businesses to reassess their cyber defence strategies and risk management frameworks. […]
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