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The probe body report on the cyber heist of Bangladesh Bank’s account with New York’s Federal Reserve Bank will be made public on September 22, finance minister Abul Maal Abdul Muhith said on Sunday. ‘The report will be made available online on September 22 so that people can have easy access to the document,’ the […]

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The world’s major central banks, stung by this year’s $81-million heist in Bangladesh, have launched a task force to consider setting broad rules to protect the vast network of cross-border banking from cyber attacks, according to two sources with knowledge of the matter. The committee of central banks, part of the Bank for International Settlements […]

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The Department of Justice (DOJ) of the Philippines has wrapped up its preliminary investigation on money laundering charges connected to the high-profile $81 million cyber heist at the Bangladesh Bank account at the Federal Reserve Bank of New York, reports Daily Inquirer. The Filipino newspaper reported that Assistant State Prosecutor Gilmarie Fe Pacamara on Thursday […]

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The Federal Reserve Bank of New York has agreed to help towards bringing the hackers behind the Bangladesh Bank cyber heist under law as well as recovering the stolen money The assurance came at a tripartite meeting among senior officials of Bangladesh Bank, Fed and SWIFT held on Tuesday in New York. NY Fed agreed […]

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The government has appointed new managing directors to three state-owned commercial banks, Sonali, Agrani and Rupali. Karmasangsthan Bank MD Md Obayed Ullah Al Masud has been chosen to run Sonali Bank while Ansar-VDP Unnayan Bank MD Md Shams-Ul Islam will lead Agrani Bank. Also, Probashi Kallyan Bank MD Md Ataur Rahman Prodhan has been put […]

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Outstanding amount of banks’ consumer loans almost doubled in two years, surpassing Tk 50,000 crore as of March 31, 2016 as the country’s business sector has been going through a dull situation in recent years amid political uncertainty and delicate law and order situation. According to the latest Bangladesh Bank data, the outstanding consumer loan figure […]

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Hours after the sacking of Syed Abdul Hamid from Agrani Bank as managing director over loan irregularities, the Anti Corruption Commission has arrested the state-run bank’s Deputy Managing Director Mizanur Rahman Khan.   Deputy General Manager Md Akhtarul Alam and Assistant General Manager Md Shafiullah were also arrested along with Khan at the bank’s headquarters […]

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Bangladesh Bank is worried about the continued banking operation by The Dhaka Mercantile Co-operative Bank Ltd (DMCBL) which does not have central bank’s licence, as it has already collected Tk 981.05 crore from depositors and disbursed Tk 1,079.55 crore in loans. A recent investigation by the central bank found that the DMCBL ‘under the guise of’ cooperative […]

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The South China Sea dispute and worries about North Korea dominated an Asian security summit at the weekend, but cybersecurity was also in focus as regional officials sought to improve coordination amid a rise in high-profile hacks. Alarmed by the theft of $81 million from Bangladesh’s central bank in February, one of the world’s biggest […]

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Economists, businesses say at FBCCI-NTV pre-budget discussion Accelerating private investment and expediting implementation process of the annual development programme will be the key challenges in the upcoming fiscal year, economists and business leaders said at a pre-budget discussion on Friday night. They also said that the government should give emphasis on employment generation in the […]

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Head of govt probe body on $81m BB fund heist describes how SWIFT made the payment system vulnerable to cyber attack A government committee probing the Bangladesh Bank heist has held SWIFT responsible for weakening the payment system which allowed cyber thieves to steal $81 million from the central bank’s account with the New York […]

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Three hacking groups, including a ‘nation-state actor’ are ‘still lurking’ in the network of Bangladesh’s central bank, according to a forensic report. The report by the US experts, hired by Bangladesh Bank to probe the $81 million cyber heist three months ago, suggests that the hackers put the bank at risk of further attacks, says […]

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