Hours before the Federal Reserve Bank of New York approved four fraudulent requests to send $81 million from a Bangladesh Bank account to cyber thieves, the Fed branch blocked those same requests because they lacked information required to transfer money, according to two people with direct knowledge of the matter.

The chief executive of secure messaging system SWIFT says the theft of $81 million from Bangladesh's central bank, by criminals sending fraudulent payment instructions via SWIFT, would force the organisation to shrink and review its strategy.

Standard Chartered launches a new credit card in Bangladesh which will provide customers a host of attractive benefits including savings and cash-backs.

Finance Minister AMA Muhith has been unveiling Tk 340,605 crore national budget for the fiscal year 2016-17 – what is around 29 percent bigger from the current fiscal year.

A US congressional committee launches a probe into the Federal Reserve Bank of New York's handling of the cyber theft of $81 million from one of its accounts held by the central bank of Bangladesh, according to a letter seen by Reuters.

Philippine central bank says it revoked the license of a remittance company that anti-money laundering investigators said was used to transfer some of the $81 million hackers looted from the Bangladesh central bank.

Rupali Bank realised Tk 145 crore in first five months of this year against its classified loan which is 72 percent of the bank's target for the whole year set by the finance ministry.

The allocation for state banks' recapitalisation is set to be slashed by more than half in the forthcoming budget -- the strongest indication yet of the government's intent to crack down on the lenders' errant ways.

A government-formed committee which investigated the US$101 million heist from Bangladesh central bank’s account with Federal Reserve Bank of New York submits its full report to the finance minister. It has found SWIFT and others responsible for the heist.

The SWIFT secure messaging service that underpins international banking says it is planning to launch a new security programme as it fights to rebuild its reputation in the wake of the Bangladesh Bank heist.

More than three months have passed since $81 million was stolen in a brazen cyber-heist from Bangladesh's central bank and sent to Manila - yet authorities in the Philippines appear no closer to nabbing those who laundered most of the money through a bank and casinos.

Sonali Bank, which has the largest network of branches in Bangladesh, is yet to adopt the core banking solution fully despite repeated pressure from the central bank and the government to do so to deliver better services to its customers.

Bangladesh’s financial institutions largely choose foreign IT companies while buying business solutions, a practice that is affecting the

Shortly after 7pm on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San

Bangladesh Bank Governor Fazle Kabir yesterday cautioned four state-owned commercial banks and instructed them to grant loans

British banking giant HSBC is set to shutter six of its 13 branches in Bangladesh as part of its global strategy to cut costs.

Banks are providing industrial loans at a maximum cost of 6.5 percent -- which is almost half the going interest rates -- from a fund provided by the World Bank, a development that will put a smile on the faces of businesses.

Vietnam's Tien Phong Bank said on Sunday it had thwarted a cyber fraud attempt late last year, and a third-party service it used to

Abdus Sobhan Khan and Shah Syed Abdul Bari have been promoted to the post of deputy managing director of National Bank, according to

The parliamentary standing committee on the finance ministry has called for global pressure on Manila-based Rizal Bank to retrieve the