Banks’ directors seem to be good borrowers as their loan repayment records are far better than the other groups of borrowers. As of September 30, directors of the 56 scheduled banks took loans worth Tk 88,790 crore from each other’s banks, according to data from Bangladesh Bank. The sum is almost a seventh of the […]

It will be easy to trace every criminal if all the countries concerned consider the criminals as criminals and provide the CID with information and evidence they have got, a senior CID official has said Officials claim to have made much progress in Bangladesh Bank reserve heist investigation but many questions still remain unresolved even […]

The ‘Big 4’ in investment banking – JP Morgan, PricewaterhouseCoopers (PwC), Deutsche Bank and Suisse Bank – as well a few other banks, including an Italian bank, are keenly looking into the investment opportunities in Bangladesh Buoyed by the economic success of Bangladesh, the world’s largest investment bankers are looking for investing in Bangladesh as […]

The Philippine government wants Bangladesh to share the findings of its investigation into how unknown hackers pulled off one of the world’s largest cyber bank heists, to help speed up recovery of the stolen funds. Finance Secretary Carlos Dominguez, who last week met with a Bangladesh delegation, said Manila ‘strongly recommended’ Dhaka share the results […]

Philippines president cancels meeting with visiting Bangladesh team Philippines’ bank RCBC, which is linked to the Bangladesh Bank reserve theft, has declined to pay any compensation to the BB as Philippine president Rodrigo Duterte cancelled a meeting with a visiting Bangladesh delegation, reporters Reuters. Rizal Commercial Banking Corp (RCBC) is not liable to compensate Bangladesh […]

Bangladesh Bank expects to get back US$30 million more of its heisted reserve from the Philippines within the next two to three months. ‘Bangladesh has already retrieved approximately $15.25 million from the Philippines. We are expecting to get back $30 million more within next two to three months as completing the legal process this time […]

Bangladesh Bank (BB) hopes to get back $15.25 million of heist reserve from the Philippines after one week. General Manager of Bangladesh Financial Intelligence Unit of Bangladesh Bank Debaprosad Debnath yesterday told the Dhaka Tribune: “Philippine’s central bank Bangko Sentral Pilipinas (BSP) will send back the money in cash to Bangladesh Bank’s reserve account at […]

The Bangladesh Securities and Exchange Commission has moved to take action against 22 merchant banks which failed to manage any initial public offering in two calendar years. The decision came from a recently held commission meeting, a BSEC official said. Under the move, the commission will issue second spell of show-cause notices to the merchant […]