Bangladesh Bank will give Tk 1 lakh to each family of those killed in a daring heist at a bank branch in the garment manufacturing hub of Ashulia on Tuesday, Governor Atiur Rahman said. Eight persons, including the branch manager, were killed in the incident that took place in broad daylight, reports the Daily Star. The central bank governor, in a condolence letter to Bangladesh Commerce Bank, expressed sympathy for all those killed, especially the manager, Waliullah Subin, who sacrificed his life to protect the keys to the bank’s vault. Ordinary people had a...

From 2011 and 2014, 700 million people became account holders at banks, other financial institutions, or mobile money service providers, and the number of “unbanked” individuals dropped 20 percent to 2 billion adults, says a new report released today. “Access to financial services can serve as a bridge out of poverty. We have set a hugely ambitious goal – universal financial access by 2020 – and now we have evidence that we’re making major progress,” said World Bank Group President Jim Yong Kim. “This effort will require many partners – credit card compa...