Bangladesh Bank no longer has administrators at any of the
five banks being merged. Most recently, the administrators of Union Bank PLC,
Mohammad Abul Hashem, and Global Islami Bank, Md. Mokhsuduzzaman, were also
withdrawn on Thursday. Bangladesh Bank spokesperson Arif Hossain Khan confirmed
the information on the day.
Bangladesh Bank officials said that keeping administrator
teams at the same banks after appointing new managing directors, chairmen and
independent boards of directors was...