Citibank mandated for first ever syndicated facility
Citibank, NA, Dhaka Branch Thursday announced that it has been mandated for the country's first ever syndicated facility of upto Tk 2.0 billion to provide financing for small and medium enterprises.
CIT Group Inc. said Thursday it has applied to the Federal Reserve to become a bank holding company, a move which would make the commercial finance firm eligible for funding under the government's $700 billion bank rescue program.