Press Digest from Financial News Online US
Citigroup has become the first foreign bank to receive a merchant banking licence in Bangladesh, reflecting keen interest in offering advisory services to a promising economy led by high-growth industries such as garment manufacturing.
The licence allows Citigroup Global Markets Bangladesh, a local arm of one of the world’s largest financial services groups, to serve as an adviser, underwriter and lead manager in the country’s capital markets.
Bangladesh’s stock market has grown 60% in the year to date, Citigroup said, in spite of political instability and devastating summer floods.
It’s a shame what happened to Bangladesh. I hope the world steps up and helps them.
How life insurances are evaluated. They do not declare their EPS and NAV. Though I know these are not only parameters of stock valuation.