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Bangladesh c.bank hires 'Big Four' audit firms to review banks it says lost $17 bln, FT reportsBY Reuters | ECONOMIC | 12:21 AM ESTJan 26 (Reuters) - Bangladesh's central bank has hired three "Big Four" accounting firms - EY, Deloitte and KPMG - to audit banks it says lost $17 billion to business people close to the regime of former leader Sheikh Hasina, the Financial Times reported on Sunday, citing bank governor Ahsan Mansur. (Reporting by Disha Mishra in Bengaluru) More Fixed Income News
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible. Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss. Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully. |
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